EXHIBIT 12
Penn Virginia Corporation and Subsidiaries
Statement of Computation of Ratio of Earnings to Fixed Charges Calculation
							Three Months Ended March 31,
	1999	2000	2001	2002	2003		2004
Earnings
Pre-tax income	$18,834	$59,230	$54,271	$29,705	$55,987		$20,796
Fixed charges	3,718	8,363	4,058	4,068	8,379		2,337
Total Earnings	$22,552	$67,593	$58,329	$33,773	$64,366		$23,133
Fixed Charges
Interest expense	$3,298	$7,926	$3,596	$3,125	$7,352		$1,832
Rental Interest Factor	420	437	462	943	1,027		505
Total Fixed Charges	$3,718	$8,363	$4,058	$4,068	$8,379		$2,337
Ratio of Earnings to Fixed Charges	6.1x	8.1x	14.4x	8.3x	7.7x		9.9x