EX-12 6 h45048exv12.htm STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES exv12
 

Exhibit 12
Mariner Energy, Inc.
Ratio of Earnings to Fixed Charges
(Unaudited)
                                         
    For the Years Ended  
    December 31,     December 31,     December 31,     December 31,     December 31,  
(In thousands, except ratio)   2006     2005     2004     2003     2002  
     
Earnings from continuing operations before fixed charges
                                       
Income before taxes
    188,806       61,775       105,300       45,688       29,993  
Add: Fixed charges less capitalized interest
    38,664       8,172       6,050       6,981       10,298  
Earnings from continuing operations before fixed charges
    227,470       69,947       111,350       52,669       40,291  
     
Fixed Charges
                                       
Interest expense, net of capitalized interest
    38,275       8,172       6,050       6,981       10,298  
Add: Capitalized interest
    1,528       703       434       727       1,021  
Add: Amortization of discounts
    389                          
Total Fixed Charges
    40,192       8,875       6,484       7,708       11,319  
     
Ratio of earnings to fixed charges
    5.66       7.88       17.17       6.83       3.56