EX-12.1 6 dex121.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Computation of Ratio of Earnings to Fixed Charges

Exhibit 12.1

Continental Resources, Inc.

Ratio of Earnings to Fixed Charges

 

     Year Ended December 31,    Three Months
Ended,
 
     2005    2006    2007    2008    2009    March 31, 2010  

Earnings

                 

Income before income taxes

   195,446,000    252,956,000    296,777,000    518,530,000    110,008,000    116,875,000   

Plus: Fixed charges

   14,220,000    11,310,000    12,939,000    12,188,000    23,232,000    8,443,000   

Less: Capitalized interest

   —      —      —      —      —      (83,000
                               

Earnings, as defined

   209,666,000    264,266,000    309,716,000    530,718,000    133,240,000    125,235,000   
                               

Fixed charges

                 

Interest expense

   14,220,000    11,310,000    12,939,000    12,188,000    23,232,000    8,360,000   

Capitalized interest

   —      —      —      —      —      83,000   
                               

Fixed charges, as defined

   14,220,000    11,310,000    12,939,000    12,188,000    23,232,000    8,443,000   
                               

Ratio of earnings to fixed charges

   14.74x    23.37x    23.94x    43.54x    5.74x    14.83x