Attached files
| file | filename |
|---|---|
| EX-23.1 - EXHIBIT 23.1 - Oasis Petroleum Inc. | oas-12312015xex231.htm |
| EX-21.1 - EXHIBIT 21.1 - Oasis Petroleum Inc. | oas-12312015xex211.htm |
| EX-31.2 - EXHIBIT 31.2 - Oasis Petroleum Inc. | oas-12312015xex312.htm |
| EX-32.2 - EXHIBIT 32.2 - Oasis Petroleum Inc. | oas-12312015xex322.htm |
| EX-23.2 - EXHIBIT 23.2 - Oasis Petroleum Inc. | oas-12312015xex232.htm |
| EX-10.35 - EXHIBIT 10.35 - Oasis Petroleum Inc. | oasis-fifthamendmenttoseco.htm |
| 10-K - 10-K - Oasis Petroleum Inc. | oas-12312015x10k.htm |
| EX-32.1 - EXHIBIT 32.1 - Oasis Petroleum Inc. | oas-12312015xex321.htm |
| EX-31.1 - EXHIBIT 31.1 - Oasis Petroleum Inc. | oas-12312015xex311.htm |
EXHIBIT 12.1
Oasis Petroleum Inc.
Computation of Ratio of Earnings to Fixed Charges
Year Ended December 31, | ||||||||||||||||||||
2011 | 2012 | 2013 | 2014 | 2015 | ||||||||||||||||
Earnings | ||||||||||||||||||||
Income (loss) before income taxes | $ | 126,179 | $ | 245,874 | $ | 363,017 | $ | 814,468 | $ | (56,371 | ) | |||||||||
Add: Fixed charges | 32,950 | 73,932 | 112,282 | 167,890 | 170,624 | |||||||||||||||
Add: Amortization of capitalized interest | 119 | 671 | 1,009 | 1,718 | 3,315 | |||||||||||||||
Less: Capitalized interest | (3,073 | ) | (3,298 | ) | (4,592 | ) | (8,850 | ) | (18,582 | ) | ||||||||||
Total earnings | $ | 156,175 | $ | 317,179 | $ | 471,716 | $ | 975,226 | $ | 98,986 | ||||||||||
Fixed charges | ||||||||||||||||||||
Interest expense | $ | 29,618 | $ | 70,143 | $ | 107,165 | $ | 158,390 | $ | 149,648 | ||||||||||
Capitalized interest | 3,073 | 3,298 | 4,592 | 8,850 | 18,582 | |||||||||||||||
Rental expense attributable to interest | 259 | 491 | 525 | 650 | 2,394 | |||||||||||||||
Total fixed charges | $ | 32,950 | $ | 73,932 | $ | 112,282 | $ | 167,890 | $ | 170,624 | ||||||||||
Ratio of earnings to fixed charges(1)(2) | 4.74 | 4.29 | 4.20 | 5.81 | — | |||||||||||||||
(1) | 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. |
(2) | Due to the Company's net pre-tax loss for the year ended December 31, 2015, the ratio coverage was less than 1:1. The Company would have needed additional earnings of $71.6 million for the year ended December 31, 2015 to achieve a coverage of 1:1. |