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DATE:   6/27/2004        Comptroller Of Public Accounts             PAGE:      4
TIME: 16:48                  Property Tax Division                   RPT: MIN704
                           2003 Property Value Study
                          Minerals Category Worksheet
                                    001  Anderson
                                001-906  Neches

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   PTD Lease Number        Appraised               Market
    or Mineral Type          Value                 Value              Ratio
--------------------------------------------------------------------------------
Oil & Gas Sample Leases:

TXO06 001063                     717,924               613,481           1.1702
TXO06 001068                     450,982               419,195           1.0758
TXO06 001078                     195,657               151,749           1.2893
TXO06 001079                   4,261,715             4,050,826           1.0520
TXO06 001085                     706,165               698,286           1.0112
TXO06 001110                   1,511,087             1,344,059           1.1242
TXO06 001112                     276,738               249,634           1.1085
TXO06 003605                      74,010                90,117            .8212
TXO06 014173                     392,781               406,105            .9671



                     Total Self-Reported Mineral Value:           8,688,930

                     Divided by ISD Mineral Ratio:                   1.0705**

                     Estimated PTD Mineral Value:                 8,116,702


          ** See Stratified Ratio Detail report for more data