Goodrich Petroleum 10-K2009 FY Annual report

Filed: 26 Feb 10, 12:00am

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New words: ACESA, arithmetic, avenue, back, bore, Bossier, carefully, cautionary, central, CFTC, chemical, chosen, clearance, clearing, coal, confidence, confidentiality, consortium, content, dealer, degradation, deterministic, dictated, downhole, drinking, driven, easier, empirically, endangered, endangerment, entirety, ESA, escalate, ETNL, exempt, exemption, exited, expended, extract, extraction, finite, fluid, footnote, formal, FRAC, frequency, freshwater, GAAP, geochemical, geoscience, groundwater, hazard, hour, House, hydraulic, improved, improving, injection, integrity, Interbank, leakage, legacy, Loco, London, mandate, marketplace, meant, migration, modernizing, motor, multitude, negotiated, nonrenewable, NSAI, Occupational, opposing, opposite, OSHA, OTC, overseeing, parameter, passage, passed, permanent, permeability, Pettet, Plum, probabilistic, promulgated, pursuit, quantity, Raintree, reconciled, recordkeeping, recycling, refined, reform, relief, renewal, repeal, repeatability, Reservesare, robust, rock, roll, run, Safe, safety, saleable, sensitive, shift, sixty, social, Society, steadily, strategic, subsurface, Supplemental, SWDA, synthetic, tabulation, Taylor, thirteen, threatened, timeframe, top, tradable, unclear, undertaken, unidentified, unweighted, urge, verification, virtually

Removed: Ambassador, analyst, APB, attribution, Bay, behavior, block, Brown, Cherokee, complying, comprising, conclusive, Considerable, consumer, Convest, correlation, Council, curtailment, Delia, demonstrate, divestment, Edisto, Entrepreneurial, extend, fell, FIN, Forcenergy, foreign, Forest, formation, formed, FP, FSP, Harrison, Hilcorp, Human, identifiable, importation, ineffective, Institute, interpreting, joining, LECE, Liberty, location, Manager, McCord, merged, methodology, Minden, Monterey, Mott, NFL, NSA, NYSE, oilfield, Pennzoil, Perella, presence, proximity, Ranpac, reclassified, recognizing, recompleting, rendering, repay, representing, River, Schroder, shallow, Slough, small, Smith, straight, Upshur, utilizing, Wagner, Wasserstein, Watsonville, Wertheim, Wharton

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Exhibit 12.2

GOODRICH PETROLEUM CORPORATION

RATIO OF EARNINGS TO FIXED CHARGES AND PREFERENCE SECURITIES DIVIDENDS

(In Thousands, Except Ratios)


	Year ended December 31,
	2009			2008			2007		2006			2005
Earnings:
Income (loss) from continuing operations before income taxes	$	(318,322	)	$	176,748		(59,476	)	$	13,921		(37,554	)
Plus: fixed charges		33,816			31,148		23,925			17,295		3,114
Preference securities dividends		(7,668	)		(8,738	)	(6,047	)		(8,952	)	(755	)

Earnings available for fixed charges	$	(292,174	)	$	199,158		(41,598	)	$	22,264		(35,195	)

Fixed Charges:
Interest expense	$	26,148		$	22,410		17,878		$	8,343		2,359
Preference securities dividends		7,668			8,738		6,047			8,952		755

Total fixed charges	$	33,816		$	31,148		23,925		$	17,295		3,114

Ratio of Earnings to Fixed Charges and Preference Securities Dividends		(a	)		6.39		(b	)		1.29		(c	)

(a)	Earnings for the year ended December 31, 2009 were inadequate to cover fixed charges and preference securities dividends. The coverage deficiency was $326.0 million.

(b)	Earnings for the year ended December 31, 2007 were inadequate to cover fixed charges and preference securities dividends. The coverage deficiency was $65.5 million.

(c)	Earnings for the year ended December 31, 2005 were inadequate to cover fixed charges and preference securities dividends. The coverage deficiency was $38.3 million.