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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NINE MONTHS ENDED NINE MONTHS YEAR
SEPTEMBER 30, YEAR ENDED DECEMBER 31, ENDED ENDED
------------------------- --------------------------------- SEPTEMBER 30, DECEMBER 31,
2002 2001 2001 2000 1999 2002 2001
--------- -------- ------- ------- ------- ------------- ------------
Pretax earnings $42,099 $32,796 $33,396 $12,684 $ 4,264 $38,163 $26,485
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Adjustments:
Add fixed charges:
Interest expense 7,836 4,865 6,041 10,490 4,037 11,772 12,952
Interest capitalized -- -- -- -- -- -- --
Rental expense
attributable
to interest 263 195 236 118 60 263 236
-- -- -- -- -- -- --
------- ------- ------- ------- ------- ------- -------
Total fixed charges 8,099 5,060 6,277 10,608 4,097 12,035 13,188
------- ------- ------- ------- ------- ------- -------
Deduct:
Interest capitalized -- -- -- -- -- -- --
------- ------- ------- ------- ------- ------- -------
Total deductions -- -- -- -- -- -- --
------- ------- ------- ------- ------- ------- -------
Adjusted earnings $50,198 $37,856 $39,673 $23,292 $ 8,361 $50,198 $39,673
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Ratio of earnings to fixed charges 6.20 7.48 6.32 2.20 2.04 4.17 3.01
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