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DATE:   6/27/2004        Comptroller Of Public Accounts             PAGE:      1
TIME: 16:49                  Property Tax Division                   RPT: MIN704
                           2003 Property Value Study
                          Minerals Category Worksheet
                                    002  Andrews
                                002-901  Andrews

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

TXO08 000361                  19,006,407            17,831,789           1.0658
TXO08 001711                     945,407               810,929           1.1658
TXO08 001770                 200,771,844           188,188,166           1.0668
TXO08 004010                  48,105,003            49,408,641            .9736
TXO08 008722                     370,730               318,614           1.1635
TXO08 011177                   4,506,021             3,611,705           1.2476
TXO08 011267                  37,107,949            41,272,192            .8991
TXO08 011303                   6,892,103             6,657,636           1.0352
TXO08 013350                   8,562,330             8,031,516           1.0660
TXO08 013867                  65,347,229            63,850,315           1.0234
TXO08 013869                  31,753,448            25,242,983           1.2579
TXO08 013871                  18,867,138            18,823,131           1.0023
TXO08 015874                  48,291,971            47,225,004           1.0225
TXO08 017503                 156,486,549           195,224,621            .8015
TXO08 018375                     339,751               382,692            .8877
TXO08 018729                   4,814,019             3,629,344           1.3264
TXO08 027868                     519,495               648,349            .8012
TXO08 030652                     396,506               488,503            .8116
TXO08 031494                  14,144,258            14,564,245            .9711
TXO08 033898                  12,247,361            10,556,715           1.1601
TXO08 034306                  23,452,230            28,834,983            .8133
TXO08 034968                  28,362,008            28,309,092           1.0018
TXO08 035925                     294,325               270,494           1.0881
TXO08 035926                   7,763,021             7,515,423           1.0329
TXO08 036466                   8,447,947             8,634,796            .9783
TXO08 036480                   6,606,700             6,463,541           1.0221
TXO08 036494                  26,332,899            26,650,585            .9880



                     Total Self-Reported Mineral Value:       1,374,505,190

                     Divided by ISD Mineral Ratio:                    .9717**

                     Estimated PTD Mineral Value:             1,414,536,575


          ** See Stratified Ratio Detail report for more data