Exhibit 12
Unit Corporation
Proforma Computation of Ratio of Earnings to Fixed Charges
(dollars in thousands) | Three Months Ended March 31, 2011 | Twelve Months Ended December 31, 2010 | ||||||
Income (loss) from continuing operations before income taxes | $ | 65,607 | $ | 231,731 | ||||
Interest expense | 886 | 5,440 | ||||||
Amortization of capitalized interest | 432 | 1,623 | ||||||
Earnings as defined | $ | 66,925 | $ | 238,794 | ||||
Fixed charges (1): | ||||||||
Interest expense | $ | 886 | $ | 5,440 | ||||
Capitalized interest | 3,255 | 11,123 | ||||||
Total fixed charges | $ | 4,141 | $ | 16,563 | ||||
Ratio of earnings to fixed charges | 16.2x | 14.4x | ||||||
(1) | Fixed charges are determined as defined in instructions for Item 503 of Regulation S-K. |