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EXHIBIT 12.1
Range Resources Corporation
Computation of Ratio of Earnings to Fixed Charges
(in thousands except ratios)
<Table>
<Caption>
Six Months
Ended
June 30,
2003 2002 2001 2000 1999 1998
---------- ---------- ---------- ---------- ---------- ----------
EARNINGS:
Income before provision for incomes taxes $ 16,108 $ 22,408 $ 17,257 $ 35,004 $ (22,772) $ (229,618)
Add: Fixed charges 10,986 23,715 32,732 40,475 47,436 40,840
---------- ---------- ---------- ---------- ---------- ----------
Total earnings $ 27,094 $ 46,123 $ 49,989 $ 75,479 $ 24,664 $ (188,778)
========== ========== ========== ========== ========== ==========
FIXED CHARGES:
Interest expense $ 10,719 $ 23,153 $ 32,179 $ 39,953 $ 47,085 $ 40,642
Amortization of debt issuance costs (1)
Interest portion of rental expense 267 562 553 522 351 198
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Total fixed charges $ 10,986 $ 23,715 $ 32,732 $ 40,475 $ 47,436 $ 40,840
========== ========== ========== ========== ========== ==========
Ratio of earnings to fixed charges 2.5 1.9 1.5 1.9 0.5 (4.6)
</Table>
(1) Amortization of debt issuance costs is included in interest expense.
For the years ended December 31, 1999 and 1998, earnings were inadequate to
cover fixed charges by $22.8 million and $229.6 million, respectively.