Exhibit 12.1
WHITING PETROLEUM CORPORATION
FORM S-4 REGISTRATION STATEMENT
Calculation of Ratio of Earnings to Fixed Charges
(dollars in thousands)
FORM S-4 REGISTRATION STATEMENT
Calculation of Ratio of Earnings to Fixed Charges
(dollars in thousands)
Nine | ||||||||||||||||||||||||
Months | ||||||||||||||||||||||||
Ended | ||||||||||||||||||||||||
September 30, | Year Ended December 31, | |||||||||||||||||||||||
2005 | 2004 | 2003 | 2002 | 2001 | 2000 | |||||||||||||||||||
Fixed Charges: | ||||||||||||||||||||||||
Interest Expensed | $ | 20,404 | $ | 11,800 | $ | 7,867 | $ | 10,867 | $ | 10,233 | $ | 7,549 | ||||||||||||
Interest Capitalized | — | 200 | — | — | 210 | — | ||||||||||||||||||
Amortized Premiums, Discounts and Capitalized Expenses Related to Indebtedness | 4,614 | 4,056 | 1,310 | 71 | — | — | ||||||||||||||||||
Estimate of Interest Within Rental Expense | 229 | 182 | 209 | 183 | 165 | 105 | ||||||||||||||||||
Preference Security Dividend Requirements of Subs | — | — | — | — | ||||||||||||||||||||
Total Fixed Charges | $ | 25,247 | $ | 16,238 | $ | 9,386 | $ | 11,121 | $ | 10,608 | $ | 7,654 | ||||||||||||
Earnings: | ||||||||||||||||||||||||
Pre-tax Income from Continuing Operations | $ | 136,116 | $ | 114,005 | $ | 36,139 | $ | 11,952 | $ | 54,337 | $ | 45,361 | ||||||||||||
Fixed Charges (above) | 25,247 | 16,238 | 9,386 | 11,121 | 10,608 | 7,654 | ||||||||||||||||||
Amortization of Capitalized Interest | 31 | 21 | 21 | 21 | — | — | ||||||||||||||||||
Distributed Income of Equity Investees | 201 | — | — | — | — | — | ||||||||||||||||||
Whiting Share of Pre-tax losses of Equity Investees | — | — | — | — | — | |||||||||||||||||||
Less Interest Capitalized | (200 | ) | — | — | (210 | ) | — | |||||||||||||||||
Preference Security Dividend Requirements of Subs | — | — | — | — | — | |||||||||||||||||||
Minority Interest in Pre-tax income of Subs | (150 | ) | — | — | — | — | — | |||||||||||||||||
Total earnings | $ | 161,595 | $ | 130,064 | $ | 45,546 | $ | 23,094 | $ | 64,735 | $ | 53,015 | ||||||||||||
Ratio of Earnings to Fixed Charges (unaudited) | 6.40 | 8.01 | 4.85 | 2.08 | 6.10 | 6.93 |