EXHIBIT 12.1
ENCORE ACQUISITION COMPANY
RATIO OF EARNINGS TO FIXED CHARGES AND EARNINGS TO FIXED CHARGES
(IN THOUSANDS, EXCEPT RATIOS)
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<Caption>
HISTORICAL PRO FORMA
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SIX MONTHS YEAR
SIX MONTHS ENDED JUNE 30, YEAR ENDED DECEMBER 31, ENDED ENDED
------------------------- --------------------------------- JUNE 30, DECEMBER 31,
2002 2001 2001 2000 1999 2002 2001
--------- ---------- ------- ------- ------- ---------- ------------
Pretax earnings $26,467 $19,210 $33,396 $12,684 $ 4,264 $16,676 $26,485
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Adjustments:
Add fixed charges:
Interest expense 3,714 3,713 6,041 10,490 4,037 13,505 12,952
Interest capitalized -- -- -- -- -- -- --
Rental expense attributable
to interest 168 123 236 118 60 168 236
-- -- -- -- -- -- --
------- ------- ------- ------- ------- ------- -------
Total fixed charges 3,882 3,836 6,277 10,608 4,097 13,673 13,188
------- ------- ------- ------- ------- ------- -------
Deduct:
Interest capitalized -- -- -- -- -- -- --
------- ------- ------- ------- ------- ------- -------
Total deductions -- -- -- -- -- -- --
------- ------- ------- ------- ------- ------- -------
Adjusted earnings $30,349 $23,046 $39,673 $23,292 $ 8,361 $30,349 $39,673
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Ratio of earnings to fixed charges 7.82 6.01 6.32 2.20 2.04 2.22 3.01
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