Exhibit
12.1




Penn Virginia GP Holdings, L.P.


Statement
of Computation of Ratio of Earnings to Fixed Charges Calculation


(in
thousands, except ratios)





ThreeMonths EndedMarch
      312005
                      
                      
                      2006
                      
                      
                      2007
                      
                      
                      2008
                      
                      
                      2009
                      
                      
                      2010EarningsPre-tax
      income *
                      
                      $
                      22,038
                      
                      
                      $
                      33,030
                      
                      
                      $
                      28,098
                      
                      
                      $
                      101,701
                      
                      
                      $
                      60,148
                      
                      
                      $
                      14,126Fixed
      charges
                      
                      
                      14,351
                      
                      
                      
                      19,783
                      
                      
                      
                      19,766
                      
                      
                      
                      26,850
                      
                      
                      
                      27,368
                      
                      
                      
                      6,548Total
      earnings
                      
                      $
                      36,389
                      
                      
                      $
                      52,813
                      
                      
                      $
                      47,864
                      
                      
                      $
                      128,551
                      
                      
                      $
                      87,516
                      
                      
                      $
                      20,674Fixed
      ChargesInterest
      expense
                      
                      $
                      14,053
                      
                      
                      $
                      19,151
                      
                      
                      $
                      18,896
                      
                      
                      $
                      25,346
                      
                      
                      $
                      24,878
                      
                      
                      $
                      5,836Rental
      interest factor
                      
                      
                      298
                      
                      
                      
                      632
                      
                      
                      
                      870
                      
                      
                      
                      1,504
                      
                      
                      
                      2,490
                      
                      
                      
                      712Total
      fixed charges
                      
                      $
                      14,351
                      
                      
                      $
                      19,783
                      
                      
                      $
                      19,766
                      
                      
                      $
                      26,850
                      
                      
                      $
                      27,368
                      
                      
                      $
                      6,548Ratio
      of earnings to fixed charges
                      
                      
                      2.5
                      x
                      
                      
                      2.7
                      x
                      
                      
                      2.4
                      x
                      
                      
                      4.8
                      x
                      
                      
                      3.2
                      x
                      
                      
                      3.2
                      x





*
            Includes
      cash distributions from equity affiliates and excludes equity earnings
      from affiliates. Also excludes capitalized
  interest.