EXHIBIT 12.1

Nuevo Energy Company
Computation of Earnings to Fixed Changes and Ratio of Earnings to Combined Fixed Changes
And Preferred and Preference Stock Dividend Requirements
(Dollars in Thousands)

	For The Quarter
	Ended			For the Year Ended December 31,
	March 31, 2004			2003			2002			2001			2000		1999
Earnings
Pre-tax income (loss) from continuing operations	$	14,829		$	60,207		$	39,770		$	(152,494	)	$	102	$	26,083
Minority interest in consolidated subsidiaries					—			—			—			—		—
Income from equity					—			—			—			—		—
Pre-tax income (loss) from continuing operations before minority interest in consolidated subsidiaries and income from equity investees		14,829			60,207			39,770			(152,494	)		102		26,083
Fixed charges		9,361			51,917			41,484			46,933			38,427		33,918
Distributed income of equity investees		—			—			—			—			—		—
Amortization of capitalized interest					—			—			—			—		—
Minority interest in consolidated subsidiaries		—			—			—			—			—		—
Subtract capitalized interest		(125	)		(1,612	)		(1,942	)		(2,476	)		—		(251	)
Total earnings available for fixed charges		24,065			110,512			79,312			(108,037	)		38,529		59,750
Fixed charges
Interest expensed and capitalized		9,001			50,596			39,885			45,482			37,472		33,361
Interest component of rent		360			1,321			1,599			1,451			955		557
Total fixed charges		9,361			51,917			41,484			46,933			38,427		33,918
Ratio of earnings to fixed charges(1)		2.57			2.13			1.91			(2	)		1.00		1.76

(1)	The ratio of earnings to combined fixed charges and preferred and preference stock dividend requirements for the periods presented is the same as the ratio of earnings to fixed charges since we have no outstanding preferred stock or preference stock and, therefore, no dividend requirements.
	For purposes of calculating these ratios: (i) “fixed charges” represent interest expensed and capitalized, including amortized premiums, discounts and capitalized expenses related to indebtedness; and an estimate of the interest within rental expenses and (ii) “earnings” represent the aggregate of pre-tax income (loss) from continuing operations before adjustment for minority interests in consolidated subsidiaries or income (loss) from equity investees, fixed charges, amortization of capitalized interest and distributed income of equity investees, less capitalized interest and less minority interest in pre-tax income of subsidiaries that have not incurred fixed charges.
(2)	Earnings were inadequate to cover fixed charges by $152,494.