Exhibit 12.1

SandRidge Energy, Inc.

Computation of Ratios of Earnings to Fixed Charges and Earnings to Combined Fixed Charges and Preferred Stock Dividends

	Year Ended December 31,
	2011			2010			2009			2008			2007
	(dollars in thousands)
Fixed Charges:
Interest expense	$	243,818	(a)	$	239,343	(a)	$	186,137	(a)	$	138,282	(a)	$	117,185
Interest component of rent		510			872			1,052			800			767
Capitalized interest		3,052			1,265			—			365			1,987
Total	$	247,380		$	241,480		$	187,189		$	139,447		$	119,939
Earnings:
Pretax (loss) income from continuing operations (b)	$	102,139		$	(256,115	)	$	(1,785,326	)	$	(1,481,006	)	$	75,373
Fixed charges		247,380			241,480			187,189			139,447			119,939
Less: interest capitalized in current period		(3,052	)		(1,265	)		—			(365	)		(1,987	)
Add: previously capitalized interest amortized in current period		377			246			222			481			197
Total	$	346,844		$	(15,653	)	$	(1,597,915	)	$	(1,341,443	)	$	193,522
Ratio of Earnings to Fixed Charges		1.4			—			—			—			1.6
Insufficient coverage	$	—		$	257,134		$	1,785,104		$	1,480,890		$	—
Fixed Charges	$	247,380		$	241,480		$	187,189		$	139,447		$	119,939
Preferred dividends (c)		55,583			37,442			8,813			16,232			63,337
Total	$	302,963		$	278,922		$	196,002		$	155,679		$	183,276
Earnings	$	346,844		$	(15,653	)	$	(1,597,915	)	$	(1,341,443	)	$	193,522
Ratio of Earnings to Fixed Charges and Preferred Dividends		1.1			—			—			—			1.1
Insufficient coverage	$	—		$	294,576		$	1,793,917		$	1,497,122		$	—

(a) Interest expense for the year ended December 31, 2011, 2010, 2009 and 2008 excludes the effect of ($6.2) million, $8.4 million, $(0.4) million and $8.7 million unrealized (gain) loss, respectively, on interest rate swaps.

(b) Excludes undistributed income from equity investees.

(c) Preferred dividends are presented on a pre-tax basis.