Exhibit 12.1

Calculation of Ratio of Earnings to Fixed Charges

Northern Oil and Gas, Inc.

	Year Ended December 31,															Three Months Ended
	2010			2011			2012			2013			2014			June 30, 2015
Earnings (Deficit) Before Income Taxes	$	11,336,300		$	67,446,792		$	115,286,396		$	84,834,650		$	263,112,945		$	(316,927,227	)
Add:
Fixed Charges		655,116			1,006,306			19,819,598			38,688,300			46,517,384			14,835,300
Subtract:
Capitalized Interest		59,711			405,984			5,929,473			5,976,981			4,409,544			220,930
Total Earnings (Deficit) Before Fixed Charges		11,931,705			68,047,114			129,176,521			117,545,969			305,220,785			(302,312,857	)
Fixed Charges
Interest Expense		583,376			585,982			13,874,909			32,709,056			42,105,676			14,613,559
Capitalized Interest		59,711			405,984			5,929,473			5,976,981			4,409,544			220,930
Estimated Interest Component of Rent		12,029			14,340			15,216			2,263			2,164			811
Total Fixed Charges		655,116			1,006,306			19,819,598			38,688,300			46,517,384			14,835,300
Ratio of Earnings (Deficit) to Fixed Charges(1)		18.2	x		67.6	x		6.5	x		3.0	x		6.6	x		-	(2)

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(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.

(2)  Earnings were insufficient to cover fixed charges by approximately $331.8 million for the three months ended June 30, 2015 due primarily to a non-cash impairment charge.