EXHIBIT 12
UNION PACIFIC RESOURCES GROUP INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Amounts in Thousands, Except Ratios)
(Unaudited)
Six Months
Ended June 30,
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1995 1996
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Income before income taxes......................... $ 171,730 $ 192,350
Add distributions greater than income of
unconsolidated affiliates........................ 3,783 2,398
Fixed charges (a).................................. 6,593 29,041
Capitalized interest included in fixed charges..... (551) (122)
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Earnings available for fixed charges.......... $ 181,555 $ 223,667
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Fixed charges:
Interest expense (a)............................. $ 2,609 $ 25,567
Portion of rentals representing an interest
factor......................................... 3,433 3,352
Interest capitalized............................. 551 122
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Total fixed charges........................... $ 6,593 $ 29,041
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Ratio of earnings to fixed charges (a)............. 27.5 7.7
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(a) In 1996, interest expense includes the effects of debt incurred in October
1995 in connection with the Company's initial public offering (see Note 2
to the Condensed Consolidated Financial Statements).