Exhibit 12.1
Continental Resources, Inc.
Ratio of Earnings to Fixed Charges
Year Ended December 31, | Three Months Ended, | ||||||||||||
2005 | 2006 | 2007 | 2008 | 2009 | March 31, 2010 | ||||||||
Earnings | |||||||||||||
Income before income taxes | 195,446,000 | 252,956,000 | 296,777,000 | 518,530,000 | 110,008,000 | 116,875,000 | |||||||
Plus: Fixed charges | 14,220,000 | 11,310,000 | 12,939,000 | 12,188,000 | 23,232,000 | 8,443,000 | |||||||
Less: Capitalized interest | — | — | — | — | — | (83,000 | ) | ||||||
Earnings, as defined | 209,666,000 | 264,266,000 | 309,716,000 | 530,718,000 | 133,240,000 | 125,235,000 | |||||||
Fixed charges | |||||||||||||
Interest expense | 14,220,000 | 11,310,000 | 12,939,000 | 12,188,000 | 23,232,000 | 8,360,000 | |||||||
Capitalized interest | — | — | — | — | — | 83,000 | |||||||
Fixed charges, as defined | 14,220,000 | 11,310,000 | 12,939,000 | 12,188,000 | 23,232,000 | 8,443,000 | |||||||
Ratio of earnings to fixed charges | 14.74x | 23.37x | 23.94x | 43.54x | 5.74x | 14.83x | |||||||