. . . Exhibit 12.2 GOODRICH PETROLEUM CORPORATION RATIO OF EARNINGS TO FIXED CHARGES AND PREFERENCE SECURITIES DIVIDENDS NINE MONTHS YEAR ENDED DECEMBER 31, ENDED SEPTEMBER 30, --------------------------------------------------------------- ----------------------- 2003 2002 2001 2000 1999 2004 2003 ----------- ----------- ---------- ----------- ------------ ----------- ---------- Fixed Charges: Interest expense $ 1,051,198 $ 985,185 $1,290,681 $ 4,390,331 $ 2,810,576 $ 788,590 $ 745,999 Preference securities dividends 974,558 984,235 963,586 1,193,768 1,249,343 487,694 730,920 ----------- ----------- ---------- ----------- ------------ ----------- ---------- 2,025,756 1,969,420 2,254,267 5,584,099 4,059,919 1,276,284 1,476,919 ----------- ----------- ---------- ----------- ------------ ----------- ---------- Earnings: Income (loss) before income taxes 6,043,870 (1,457,383) 3,445,640 3,476,737 (2,058,785) 9,606,856 3,674,113 Plus: fixed charges 2,025,756 1,969,420 2,254,267 5,584,099 4,059,919 1,276,284 1,476,919 Preference securities dividends (974,558) (984,235) (963,586) (1,193,768) (1,249,343) (487,694) (730,920) ----------- ----------- ---------- ----------- ------------ ----------- ---------- $ 7,095,068 $ (472,198) $4,736,321 $ 7,867,068 $ 751,791 $10,395,446 $4,420,112 ----------- ----------- ---------- ----------- ------------ ----------- ---------- Ratio of Earnings to Fixed Charges and Preference Securities Dividends 3.50 (0.24) 2.10 1.41 0.19 8.15 2.99 =========== =========== ========== =========== ============ =========== ==========