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Exhibit 12.1

SemGroup Corporation

Computation of Ratio of Earnings to Fixed Charges

(dollars in thousands)

 

    Successor     Predecessor  
    Nine Months
Ended
September 30,
2013		     Nine Months
Ended
September 30,
2012		     Year Ended
December 31,
2012		     Year Ended
December 31,
2011		     Year Ended
December 31,
2010		     One Month
Ended
December 31,
2009		     Eleven Months
Ended
November 30,
2009		     Year Ended
December 31,
2008		  

Pretax income from continuing operations before adjustment for minority interests in consolidated subsidiaries or income or loss from equity investees

     (21,846 )      (12,541 )      (9,156 )      (14,598 )      (142,678 )      (45,341 )      3,542,002        (1,761,609 ) 

Add:

                

Fixed Charges

     19,413        10,195        12,514        64,249        90,078        7,551        17,171        128,520   

Amortizaton of capitalized interest

     1,373        1,316        1762        1,741        1,691        140        1,528        1,522   

Distributed earnings of equity investees

     52,780        33,472        53,730        27,459        5,768        0        0        0   

Subtract:

                

Capitalized interest

     1,233        433        809        901        428        13        2,648        10,684   
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Pretax income as adjusted

     50,487        32,009        58,041        77,950        (45,569 )      (37,663 )      3,558,053        (1,642,251 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Fixed charges:

                

Interest expense

     15,971        7,763        8,902        60,208        86,133        7,169        12,041        110,789   

Interest capitalized

     1,233        433        809        901        428        13        2,648        10,684   
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
    17,204        8,196        9,711        61,109        86,561        7,182        14,689        121,473   

Portion of rents representative of an appropriate interest factor

     2,209        1,999        2,803        3,140        3,517        369        2,482        7,047   
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total fixed charges

     19,413        10,195        12,514        64,249        90,078        7,551        17,171        128,520   
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ratio of earnings to fixed charges

     2.6        3.1        4.6        1.2        See Note 1        See Note 2        207.2        See Note 3   

Note 1: Earnings for the year ended December 31, 2010 were insufficient to cover fixed charges by $136 million.

Note 2: Earnings for the month ended December 31, 2009 were insufficient to cover fixed charges by $45 million.

Note 3: Earnings for the year ended December 31, 2008 were insufficient to cover fixed charges by $1,771 million.