Newfield Exploration (NFX) 8-K Newfield Exploration Announces Offering of $650 Million of Senior Subordinated Notes

Exhibit 12.1

Newfield Exploration Company

Computation of Ratios of Earnings (Loss) to Fixed Charges and Earnings (Loss) to Fixed Charges Plus Preferred Dividends

	For the
	Nine
	Months
	Ended			For the Year Ended December 31,
(Dollars in Millions)	September 30, 2009			2008			2007		2006		2005		2004
Pre-tax income (loss) from continuing operations	$	(1,067	)	$	(535	)	$	294	$	956	$	545	$	518
Fixed charges:
Interest expense, including debt issue amortization		56			52			55		43		26		32
Capitalized interest		39			60			47		44		46		26
Interest portion of rent expense		2			3			2		1		2		1
Total fixed charges before preferred dividend requirements		97			115			104		88		74		59
Preferred dividend requirements		—			—			—		—		—		—
Total fixed charges and preferred dividend requirements	$	97		$	115		$	104	$	88	$	74	$	59
Earnings (loss) before fixed charges (excludes capitalized interest) and preferred dividends	$	(1,009	)	$	(480	)	$	351	$	1,000	$	573	$	551
Earnings (loss) before fixed charges (excludes capitalized interest)		(1,009	)		(480	)		351		1,000		573		551
Ratio of earnings (loss) to fixed charges		—	(1)		—	(1)		3.4 x		11.3 x		7.8 x		9.3 x
Ratio of earnings (loss) to fixed charges plus preferred dividends (2)		—	(1)		—	(1)		3.4 x		11.3 x		7.8 x		9.3 x

Fixed charges consist of interest (both expensed and capitalized) and an estimated interest component of rent expense, which management believes is a reasonable approximation of the interest factor.

(1)	Earnings for 2008 and the nine months ended September 30, 2009 were insufficient to cover fixed charges by $595 million and $1.1 billion, respectively, due to non-cash charges of $1.9 billion and $1.3 billion, respectively, primarily associated with ceiling test writedowns in the respective periods.
(2)	No dividends accrued on any outstanding shares of preferred stock during the periods presented.