Midstates Petroleum Company, Inc.
Computation of Ratio of Earnings to Fixed Charges
(in thousands, except ratios)

	Six Months Ended June 30, 2013

				Year Ended December 31,
				2012			2011			2010			2009			2008
Earnings available before fixed charges:
Pre-tax income (loss)		(7,591	)		7,789			16,657			(15,635	)		(11,752	)		(6,422	)
Add: Fixed charges		42,665			24,755			5,723			2,114			981			871

Total additive items		35,064			32,544			22,380			(13,521	)		(10,771	)		(5,551	)
Less: Capitalized interest		(14,915	)		(11,175	)		(2,600	)		(1,654	)		(830	)		—

Total earnings available for fixed charges	$	(20,149	)	$	21,369		$	19,780		$	(15,175	)	$	(11,601	)	$	(5,551	)

Interest expensed	$	25,224		$	11,711		$	2,094		$	—		$	—		$	854
Interest capitalized		14,915			11,175			2,600			1,654			830			—
Amortized premiums, discounts and capitalized expenses related to indebtedness		2,264			1,529			850			314			41			—
Portion of rental expense which represents interest factor(1)		252			340			179			146			110			17

Total Fixed Charges	$	42,665		$	24,755		$	5,723		$	2,114		$	981		$	871

Ratio of earnings to fixed charges		(a)			(b)			3.5			(c)			(d)			(e)

(1): One-third of rent expense was the proportion deemed representative of the interest factor.
(a): Earnings for the six months ended June 30, 2013 were inadequate to cover fixed charges. The coverage deficiency was $22.5 million.
(b): Earnings for the year ended December 31, 2012 were inadequate to cover fixed charges. The coverage deficiency was $3.4 million.
(c): Earnings for the year ended December 31, 2010 were inadequate to cover fixed charges. The coverage deficiency was $17.3 million.
(d): Earnings for the year ended December 31, 2009 were inadequate to cover fixed charges. The coverage deficiency was $12.6 million.
(e): Earnings for the year ended December 31, 2008 were inadequate to cover fixed charges. The coverage deficiency was $6.4 million.