Attached files

file filename
10-K - FORM 10-K - MAGNUM HUNTER RESOURCES CORPd283615d10k.htm
EX-23.1 - CONSENT OF HEIN & ASSOCIATES LLP - MAGNUM HUNTER RESOURCES CORPd283615dex231.htm
EX-21.1 - LIST OF SUBSIDIARIES. - MAGNUM HUNTER RESOURCES CORPd283615dex211.htm
EX-99.2 - INDEPENDENT ENGINEER RESERVE REPORT PREPARED BY AJM DELOITTE AND TOUCHE, LLP - MAGNUM HUNTER RESOURCES CORPd283615dex992.htm
EX-99.1 - INDEPENDENT ENGINEER RESERVE REPORT PREPARED BY CAWLEY GILLESPIE & ASSOCIATES, I - MAGNUM HUNTER RESOURCES CORPd283615dex991.htm
EX-23.2 - CONSENT OF CAWLEY GILLESPIE & ASSOCIATES, INC. - MAGNUM HUNTER RESOURCES CORPd283615dex232.htm
EX-31.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 302 OF THE SARBANES - MAGNUM HUNTER RESOURCES CORPd283615dex311.htm
EX-31.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 302 OF THE SARBANES - MAGNUM HUNTER RESOURCES CORPd283615dex312.htm
EX-23.3 - CONSENT OF AJM DELOITTE AND TOUCHE, LLP - MAGNUM HUNTER RESOURCES CORPd283615dex233.htm
EX-10.4.1 - AMENDMENT TO EMPLOYMENT AGREEMENT - MAGNUM HUNTER RESOURCES CORPd283615dex1041.htm
EX-10.12 - EXECUTIVE CHANGE IN CONTROL RETENTION AGREEMENT - MAGNUM HUNTER RESOURCES CORPd283615dex1012.htm
EX-10.1.1 - AMENDMENT TO EMPLOYMENT AGREEMENT - MAGNUM HUNTER RESOURCES CORPd283615dex1011.htm
EX-10.7.1 - AMENDMENT TO EMPLOYMENT AGREEMENT - MAGNUM HUNTER RESOURCES CORPd283615dex1071.htm
EX-32 - CERTIFICATION OF THE CEO AND CFO PROVIDED PURSUANT TO 18 U.S.C. SECTION 1350 - MAGNUM HUNTER RESOURCES CORPd283615dex32.htm

Exhibit 12.1

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 

     Years Ended December 31,  
     2011     2010     2009     2008     2007  
     (in thousands)  

Fixed Charges:

          

Interest Charges

   $ 12,004      $ 3,593      $ 2,691      $ 2,361      $ 722   

Series A Convertible Preferred

   $ —        $ —        $ —        $ 735      $ 511   

Series B Perpetual Preferred

   $ —        $ 131      $ —        $ —        $ —     

Series C Perpetual Preferred

   $ 3,759      $ 2,336      $ 26      $ —        $ —     

Series D Preferred

   $ 10,248      $ —        $ —        $ —        $ —     
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total Fixed Charges

   $ 26,011      $ 6,060      $ 2,717      $ 3,096      $ 1,233   

Loss Before Taxes and Non-controlling Interest

   $ (77,108   $ (22,128   $ (15,633   $ (11,109   $ (5,916

Fixed Charges (Calculated Above)

   $ 26,011      $ 6,060      $ 2,717      $ 3,096      $ 1,233   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Earnings

   $ (51,097   $ (16,068   $ (12,916   $ (8,013   $ (4,683

Ratio of Earnings to Fixed Charges with Preferred Dividend(1)

     —   (6)      —   (5)      —   (4)      —   (3)      —   (2) 

 

(1) For purposes of determining the ratio of earnings to fixed charges, earnings are defined as income from continuing operations before income taxes and non-controlling interest, plus fixed charges and amortization of capitalized interest, less capitalized interest. Fixed charges consist of interest incurred (whether expensed or capitalized), amortization of deferred financing costs and an estimate of the interest within rental expense. All reported periods of the calculation of the ratio of earnings to fixed charges exclude discontinued operations.
(2) Earnings were inadequate to cover fixed charges for the year ended December 31, 2007 by $5.9 million
(3) Earnings were inadequate to cover fixed charges for the year ended December 31, 2008 by $11.1 million
(4) Earnings were inadequate to cover fixed charges for the year ended December 31, 2009 by $15.6 million
(5) Earnings were inadequate to cover fixed charges for the year ended December 31, 2010 by $22.1 million
(6) Earnings were inadequate to cover fixed charges for the year ended December 31, 2011 by $77.1 million