EXHIBIT 12

Energen Corporation

Computation of Ratio of Earnings to Fixed Charges

(In Thousands, Except for Ratios)

	9 Months		9 Months		12 Months		12 Months		12 Months		12 Months		12 Months
	Ended		Ended		Ended		Ended		Ended		Ended		Ended
	09/30/08		09/30/07		12/31/07		12/31/06		12/31/05		12/31/04		12/31/03
Earnings, as defined:
Income from continuing operations before provision for income taxes and cumulative effect of change in accounting principle	$	409,649	$	353,850	$	476,641	$	428,553	$	270,377	$	202,830	$	174,127
Add:
Interest, net of amounts capitalized (1)		37,309		40,110		53,006		53,687		51,098		45,935		44,784
Total earnings, as defined	$	446,958	$	393,960	$	529,647	$	482,240	$	321,475	$	248,765	$	218,911
Fixed charges, as defined:
Interest (1)	$	37,437	$	40,243	$	53,171	$	53,934	$	51,343	$	46,289	$	45,066
Total fixed charges, as defined:	$	37,437	$	40,243	$	53,171	$	53,934	$	51,343	$	46,289	$	45,066
Ratio of earnings to fixed charges		11.94		9.79		9.96		8.94		6.26		5.37		4.86

(1)    Includes amortization of debt discount and imputed interest expense on operating leases.