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| PDC ENERGY, INC.                                               |
| Statement of Computation of Ratio of Earnings to Fixed Charges |
|                                                           |   |   |   |   |   |   |   |   |   |   |   |
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|                                                           |   |   |   |   |   |   |   |   |   |   |   |
|                                                           |   | Year Ended December 31, |   |
|                                                           |   | 2016 |   | 2015 |   | 2014 |   | 2013 |   | 2012 |   |
|                                                           |   | (dollars in thousands) |   |
| Earnings:                                                      |   |   |   |   |   |   |   |   |   |   |   |
| Income (loss) from continuing operations before income taxes   |   | $ | (393,123 | ) |   | $ | (106,588 | ) |   | $ | 177,228 |  |   | (32,963 | ) |   | $ | (30,688 | ) |   |
| Fixed charges (see below)                                      |   | 69,840 |  |   | 55,844 |  |   | 53,512 |  |   | 54,002 |  |   | 50,228 |  |   |
| Amortization of capitalized interest                           |   | 3,463 |  |   | 2,486 |  |   | 1,379 |  |   | 1,096 |  |   | 871 |  |   |
| Interest capitalized                                           |   | (4,489 | ) |   | (5,060 | ) |   | (3,468 | ) |   | (1,709 | ) |   | (896 | ) |   |
| Total adjusted earnings (loss) available for fixed charges     |   | $ | (324,309 | ) |   | $ | (53,318 | ) |   | $ | 228,651 |  |   | 20,426 |  |   | $ | 19,515 |  |   |
|                                                           |   |   |   |   |   |   |   |   |   |   |   |
| Fixed Charges:                                                 |   |   |   |   |   |   |   |   |   |   |   |
| Interest and debt expense (a)                                  |   | $ | 61,972 |  |   | $ | 47,571 |  |   | $ | 47,842 |  |   | 50,143 |  |   | $ | 47,505 |  |   |
| Interest capitalized                                           |   | 4,489 |  |   | 5,060 |  |   | 3,468 |  |   | 1,709 |  |   | 896 |  |   |
| Interest component of rental expense (b)                       |   | 3,379 |  |   | 3,213 |  |   | 2,202 |  |   | 2,150 |  |   | 1,827 |  |   |
| Total fixed charges                                            |   | $ | 69,840 |  |   | $ | 55,844 |  |   | $ | 53,512 |  |   | 54,002 |  |   | $ | 50,228 |  |   |
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| Ratio of Earnings to Fixed Charges                             |   | — |  | (c) | — |  | (c) | 4.3 | x |   | — |  | (c) | — |  | (c) |
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|-----|-----------------------------------------------------------------------------------------------------|
| (a) | Represents interest expense on long-term debt and amortization of debt discount and issuance costs. |

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|-----|---------------------------------------------------------------------------------------------|
| (b) | Represents the portion of rental expense which we believe represents an interest component. |

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|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (c) | For the years ended December 31, 2016, 2015, 2013, and 2012, earnings were insufficient to cover total fixed charges by $394.1 million, $109.2 million, $33.6 million, and $30.7 million, respectively. |