EXHIBIT 12.1

Statement of Computation of Ratio of Earnings to Fixed Charges

(UNAUDITED)

Atlas Pipeline Partners, L.P.

	Nine months ended			Years ended December 31,
	Sept. 30, 2008			2007			2006			2005			2004		2003
Earnings:
Income (loss) before income tax expense (1) (2)		(125,918	)		(144,309	)		33,665			25,752			18,334		9,639
Fixed charges		70,147			66,644			28,537			14,927			2,575		341
Interest capitalized		(6,314	)		(3,259	)		(2,636	)		(77	)		—		—
Amortization of previously capitalized interest		205			123			22			—			—		—
Total		(61,880	)		(80,801	)		59,588			40,602			20,909		9,980
Fixed Charges:
Interest cost, including addback of capitalized interest, and debt expense		67,926			64,785			27,208			14,252			2,301		258
Interest allocable to rental expense (3)		2,221			1,859			1,329			675			274		83
Total		70,147			66,644			28,537			14,927			2,575		341
Ratio of Earnings to Fixed Charges		—	(4)		—	(5)		2.1			2.7			8.1		29.3

(1)	Includes a non-cash loss recognized on derivatives of $36.0 million and a non-recurring cash derivative unwind expense of $187.6 million for the nine months ended September 30, 2008.
(2)	Includes a non-cash loss recognized on derivatives of $169.4 million for the year ended December 31, 2007.
(3)	Represents one-third of the total operating lease rental expense which is that portion deemed to be interest.
(4)	Due to the Partnership’s loss for the nine months ended September 30, 2008, its earnings were insufficient to cover its fixed charges by $132.0 million.
(5)	Due to the Partnership’s loss for the year ended December 31, 2007, its earnings were insufficient to cover its fixed charges by $147.4 million.