EXHIBIT 12.1

EOG RESOURCES, INC.

Computation of Ratio of Earnings to Fixed Charges and

Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends

(In Thousands)

(Unaudited)

	Nine Months Ended September 30,			Year Ended December 31,
	2009			2008			2007			2006			2005			2004
EARNINGS AVAILABLE FOR FIXED CHARGES:
Net Income	$	146,200		$	2,436,919		$	1,089,918		$	1,299,885		$	1,259,576		$	624,855
Less: Capitalized Interest Expense		(38,283	)		(42,628	)		(29,324	)		(19,900	)		(14,596	)		(9,631	)
Add: Fixed Charges		131,269			117,568			96,228			80,050			90,933			83,264
Income Tax Provision		99,576			1,309,620			540,950			612,756			705,561			301,157
TOTAL EARNINGS AVAILABLE FOR FIXED CHARGES	$	338,762		$	3,821,479		$	1,697,772		$	1,972,791		$	2,041,474		$	999,645
FIXED CHARGES:
Interest Expense	$	71,355		$	49,889		$	45,628		$	43,158		$	62,506		$	63,128
Capitalized Interest		38,283			42,628			29,324			19,900			14,596			9,631
Capitalized Expense Related to Indebtedness		2,239			1,759			1,150			1,655			2,381			1,994
Rental Expense Representative of
Interest Factor		19,392			23,282			20,126			15,337			11,450			8,511
TOTAL FIXED CHARGES		131,269			117,568			96,228			80,050			90,933			83,264
Preferred Stock Dividends on a Pre-tax Basis		—			681			9,970			16,179			11,595			16,142
COMBINED TOTAL FIXED CHARGES AND PREFERRED STOCK DIVIDENDS	$	131,269		$	118,249		$	106,198		$	96,229		$	102,528		$	99,406
RATIO OF EARNINGS TO FIXED CHARGES		2.58			32.50	(1)		17.64			24.64			22.45			12.01
RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS		2.58			32.32	(1)		15.99			20.50			19.91			10.06

(1) These ratios for the year ended December 31, 2008 differ from the corresponding ratios set forth in Exhibit 12 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2008 (the 2008 Form 10-K) due to an adjustment to the previously disclosed Interest Expense amount for the year ended December 31, 2008 in such Exhibit 12 to the 2008 Form 10-K.