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EXCEL - IDEA: XBRL DOCUMENT - Oasis Petroleum Inc.Financial_Report.xls
EX-31.2 - EXHIBIT 31.2 - Oasis Petroleum Inc.oas-12312014xex312.htm
EX-23.2 - EXHIBIT 23.2 - Oasis Petroleum Inc.oas-12312014xex232.htm
EX-32.1 - EXHIBIT 32.1 - Oasis Petroleum Inc.oas-12312014xex321.htm
EX-21.1 - EXHIBIT 21.1 - Oasis Petroleum Inc.oas-12312014xex211.htm
EX-99.1 - EXHIBIT 99.1 - Oasis Petroleum Inc.oas-12312014xex991.htm
EX-32.2 - EXHIBIT 32.2 - Oasis Petroleum Inc.oas-12312014xex322.htm
EX-31.1 - EXHIBIT 31.1 - Oasis Petroleum Inc.oas-12312014xex311.htm
EX-23.1 - EXHIBIT 23.1 - Oasis Petroleum Inc.oas-12312014xex231.htm
10-K - 10-K - Oasis Petroleum Inc.oas-12312014x10k.htm


EXHIBIT 12.1
Oasis Petroleum Inc.
Computation of Ratio of Earnings to Fixed Charges
 
 
 
Year Ended December 31,
 
 
2010
 
2011
 
2012
 
2013
 
2014
 
 
 
 
 
Earnings
 
 
 
 
 
 
 
 
 
 
Income before income taxes
 
$
13,267

 
$
126,179

 
$
245,874

 
$
363,017

 
814,468

Add: Fixed charges
 
1,522

 
32,950

 
73,932

 
112,282

 
167,890

Add: Amortization of capitalized interest
 

 
119

 
671

 
1,009

 
1,718

Less: Capitalized interest
 

 
(3,073
)
 
(3,298
)
 
(4,592
)
 
(8,850
)
Total earnings
 
14,789

 
156,175

 
317,179

 
471,716

 
975,226

 
 
 
 
 
 
 
 
 
 
 
Fixed charges
 
 
 
 
 
 
 
 
 
 
Interest expense
 
$
1,357

 
$
29,618

 
$
70,143

 
$
107,165

 
158,390

Capitalized interest
 

 
3,073

 
3,298

 
4,592

 
8,850

Rental expense attributable to interest
 
165

 
259

 
491

 
525

 
650

Total fixed charges
 
1,522

 
32,950

 
73,932

 
112,282

 
167,890

 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges(1)
 
9.72

 
4.74

 
4.29

 
4.20

 
5.81

 
(1)
The Company had no preferred stock outstanding for any period presented, and accordingly, the ratio of earnings to combined fixed charges and preferred stock dividends is the same as the ratio of earnings to fixed charges.