Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - NORTHERN OIL & GAS, INC. | Financial_Report.xls |
| EX-32.1 - CERTIFICATION OF THE CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER - NORTHERN OIL & GAS, INC. | exhibit321_12312014.htm |
| EX-99.1 - REPORT OF RYDER SCOTT COMPANY, LP - NORTHERN OIL & GAS, INC. | exhibit991_12312014.htm |
| EX-23.2 - CONSENT OF RYDER SCOTT COMPANY, LP - NORTHERN OIL & GAS, INC. | exhibit232_12312014.htm |
| EX-23.1 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM DELOITTE & TOUCHE LLP - NORTHERN OIL & GAS, INC. | exhibit231_12312014.htm |
| 10-K - NORTHERN OIL AND GAS, INC. FORM 10-K, DATED DECEMBER 31, 2014 - NORTHERN OIL & GAS, INC. | nog10k_12312014.htm |
| EX-31.2 - CERTIFICATION OF THE CHIEF FINANCIAL OFFICER - NORTHERN OIL & GAS, INC. | exhibit312_12312014.htm |
| EX-31.1 - CERTIFICATION OF THE CHIEF EXECUTIVE OFFICER - NORTHERN OIL & GAS, INC. | exhibit311_12312014.htm |
Exhibit 12
Calculation of Ratio of Earnings to Fixed Charges
Northern Oil and Gas, Inc.
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Year Ended December 31,
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2010
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2011
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2012
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2013
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2014
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Earnings Before Income Taxes
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$ | 11,336,300 | $ | 67,446,792 | $ | 115,286,396 | $ | 84,834,650 | $ | 263,112,945 | ||||||||||
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Add:
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Fixed Charges
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655,116 | 1,006,306 | 19,819,598 | 38,688,300 | 46,517,384 | |||||||||||||||
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Subtract:
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Capitalized Interest
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59,711 | 405,984 | 5,929,473 | 5,976,981 | 4,409,544 | |||||||||||||||
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Total Earnings Before Fixed Charges
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11,931,705 | 68,047,114 | 129,176,521 | 117,545,969 | 305,220,785 | |||||||||||||||
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Fixed Charges
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Interest Expense
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583,376 | 585,982 | 13,874,909 | 32,709,056 | 42,105,676 | |||||||||||||||
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Capitalized Interest
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59,711 | 405,984 | 5,929,473 | 5,976,981 | 4,409,544 | |||||||||||||||
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Estimated Interest Component of Rent
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12,029 | 14,340 | 15,216 | 2,263 | 2,164 | |||||||||||||||
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Total Fixed Charges
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655,116 | 1,006,306 | 19,819,598 | 38,688,300 | 46,517,384 | |||||||||||||||
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Ratio of Earnings to Fixed Charges(1)
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18.2 | x | 67.6 | x | 6.5 | x | 3.0 | x | 6.6 | x | ||||||||||
____________________
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(1)
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The Company had no preferred stock outstanding for any period presented, and accordingly, the ratio of earnings to combined fixed charges and preferred stock dividends is the same as the ratio of earnings to fixed charges.
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