Exhibit 12.1

APPROACH RESOURCES INC.

STATEMENT OF COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

	Years ended December 31,												Six Months Ended June 30,
(in thousands, except ratios)	2012		2013		2014		2015			2016			2017
COMPUTATION OF EARNINGS (LOSS):
Earnings (loss) before income taxes	$	9,722	$	114,763	$	89,864	$	(267,509	)	$	(76,661	)	$	(15,473	)
Fixed charges		4,766		14,153		21,670		25,089			27,301			10,416
	$	14,488	$	128,916	$	111,534	$	(242,420	)	$	(49,360	)	$	(5,057	)
COMPUTATION OF FIXED CHARGES:
Interest expense(1)	$	4,737	$	14,125	$	21,656	$	25,066		$	27,262		$	10,395
Implicit interest in rent		29		28		14		23			39			21
	$	4,766	$	14,153	$	21,670		$25,089		$	27,301		$	10,416
Ratio of earnings (loss) to fixed charges(2)		3.04x		9.11x		5.15x		—	(3)		—	(3)		—	(3)

(1) For purposes of computing this ratio, we have excluded interest income from interest expense amounts reported on the consolidated statement of operations.

(2) The ratio has been computed by dividing earnings (loss) by fixed charges. For purposes of computing the ratio, the numerator consists of the sum of (i) earnings (loss), which includes income before income taxes, and (ii) fixed charges. The denominator consists of fixed charges, which includes interest expense and a portion of rentals representative of an implicit interest factor for such rentals.

(3) Due to our net losses for the six months ended June 30, 2017, and the years ended December 31, 2016 and 2015, the coverage ratio for each of these periods was less than 1:1. To achieve a coverage ratio of 1:1, we would have needed additional earnings of approximately $5.1 million for the six months ended June 30, 2017, and $49.4 million and $242.4 million for the years ended December 31, 2016 and 2015, respectively.