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Exhibit 12.02

Questar Market Resources, Inc. and Subsidiaries

Ratio of Earnings to Fixed Charges

(Unaudited)

	9 months ended September 30,									12 months ended December 31,
	2001 (Pro forma)			2001			2000			2000 (Pro forma)			2000			1999			1998			1997			1996
	(Dollars in Thousands)									(Dollars in Thousands)
Earnings
Income before income taxes	$	123,667		$	127,831		$	77,133		$	101,151		$	116,426		$	61,371		$	31,034		$	42,720		$	58,924
Less income, plus loss from Canyon Creek		(229	)		(229	)		(128	)		(162	)		(162	)		(231	)		(202	)		(160	)		35
Plus distributions from Canyon Creek		174			174			225			304			304			297			281			334			60
Plus loss from Questar WMC																							65			546
Less income from Roden		(145	)		(145	)					(290	)		(290	)
Plus distributions from Roden		228			228						355			355
Plus debt expense		29,132			16,346			17,573			51,100			22,922			17,363			12,631			10,882			8,699
Plus interest portion of rental expense		1,680			978			713			1,375			985			855			699			508			491
	$	154,507		$	145,183		$	95,516		$	153,833		$	140,540		$	79,655		$	44,443		$	54,349		$	68,755
Fixed Charges
Debt expense	$	29,132		$	16,346		$	17,573		$	51,100		$	22,922		$	17,363		$	12,631		$	10,882		$	8,699
Plus interest portion of rental expense		1,680			978			713			1,375			985			855			699			508			491
	$	30,812		$	17,324		$	18,286		$	52,475		$	23,907		$	18,218		$	13,330		$	11,390		$	9,190
Ratio of Earnings to Fixed Charges		5.01			8.38			5.22			2.93			5.88			4.37			3.33			4.77			7.48

(1)

For purposes of this presentation, earnings represent income before income taxes and fixed charges. Fixed charges consist of total interest charges, amortization of debt issuance costs, and the interest portion of rental costs estimated at 50%.

(2)

Income before income taxes includes QMR's 50% share of pretax earnings of Blacks Fork.

(3)

Distributions from less than 50% owned are included in the calculation, while earnings are from these same enterprises are excluded.

(4)

The Pro forma ratio reflects the acquisition of Shenandoah Energy Inc as of January 1, 2000.

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Exhibit 12.02

Questar Market Resources, Inc. and Subsidiaries Ratio of Earnings to Fixed Charges (Unaudited)