Exhibit 12.2 COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGE CONTINENTAL RESOURCES, INC. YEAR ENDED DECEMBER 31, ----------------------------------------- 1995 1996 1997 1998 1999 ---- ---- ---- ---- ---- EARNINGS<F1> 6,121 21,563 17,256 (17,980) 3,920 FIXED CHARGES<F2> 2,396 4,550 4,804 12,704 16,990 ----- ------ ------ ------ ------ TOTAL EARNINGS & FIXED CHARGES 8,517 26,113 22,060 (5,276) 20,910 RATIO 3.6 5.7 4.6 n/a 1.2 Earnings insufficient to cover fixed charges by 17,980 _______________ <FN> <F1> "Earnings" represents income (loss) before provision for federal and state income taxes or income tax benefits. "Fixed charges" consist of interest expense and amortization of costs incurred in connection with the Offering. <F2> To give effect to the issuance of $150 million of Senior Subordinated Notes due 2008 with an interest rate of 10.25%. For purposes of computing the Ratio of Earnings to Fixed Charges, interest expense includes interest on the Senior Subordinated notes together with amortization of the under- writing discounts and expenses of the Offering; for the period ended December 31 1998 and 1999, amortization expense was $460,000 and $456,000, respectively. </FN>