Exhibit 12

Penn Virginia Corporation and Subsidiaries

Statement of Computation of Ratio of Earnings to Fixed Charges Calculation

(in thousands, except ratios)

	Year Ended December 31,
	2000			2001			2002			2003			2004
Earnings
Pre-tax income	$	59,230		$	54,271		$	29,705		$	55,987		$	72,779
Fixed charges		8,363			4,058			4,068			8,379			11,067
Total earnings	$	67,593		$	58,329		$	33,773		$	64,366		$	83,846
Fixed charges.
Interest expense	$	7,926		$	3,596		$	3,125		$	7,352		$	9,679
Rental interest factor		437			462			943			1,027			1,388
Total fixed charges	$	8,363		$	4,058		$	4,068		$	8,379		$	11,067
Ratio of earnings to fixed charges		8.1	x		14.4	x		8.3	x		7.7	x		7.6	x