Exhibit 12.1

Penn Virginia Corporation and Subsidiaries

Statement of Computation of Ratio of Earnings to Fixed Charges Calculation

(in thousands, except ratios)

	Year Ended December 31,
	2006		2007		2008		2009			2010
Earnings
Pre-tax income *	$	91,397	$	52,655	$	146,238		(219,068	)		(109,562	)
Fixed charges		11,525		28,162		33,772		53,535			60,003
Total Earnings	$	102,922	$	80,817	$	180,010		(165,533	)		(49,559	)
Fixed Charges
Interest expense	$	8,828	$	23,717	$	27,614	$	47,545		$	55,063
Rental Interest Factor		2,697		4,445		6,158		5,990			4,940
Total Fixed Charges	$	11,525	$	28,162	$	33,772	$	53,535		$	60,003
Ratio of Earnings to Fixed Charges		8.9x		2.9x		5.3x		**			**

* Includes cash distributions from equity affiliates and excludes equity earnings from affiliates. Also excludes capitalized interest.

* During 2009 and 2010, earnings were deficient by $165,533 and $49,559, respectively, regarding the coverage of fixed charges