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DATE:   6/27/2004        Comptroller Of Public Accounts             PAGE:      2
TIME: 16:59                  Property Tax Division                   RPT: MIN704
                           2003 Property Value Study
                          Minerals Category Worksheet
                                    013  Bee
                                013-902  Pawnee

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

PSU013 10385                   8,374,070             8,419,044            .9946
PSU013 11835                   3,770,220             3,865,609            .9753
PSU013 11844                  22,487,880            21,672,134           1.0376
PSU013 12735                  15,413,950            15,332,009           1.0053
TXG02 064753                     338,750               241,332           1.4036
TXG02 084251                     459,830               437,411           1.0512
TXG02 105767                   1,221,550             1,254,970            .9733
TXG02 110781                     600,030               605,488            .9909
TXG02 129736                   2,521,071             2,160,421           1.1669
TXG02 149882                   1,861,059             1,693,191           1.0991
TXG02 150304                   1,572,830             1,507,527           1.0433
TXG02 171216                   1,951,010             1,752,956           1.1129
TXG02 187827                   1,072,230             1,047,803           1.0233
TXG02 190050                   2,866,981             2,494,810           1.1491



                     Total Self-Reported Mineral Value:          70,470,280

                     Divided by ISD Mineral Ratio:                   1.0334**

                     Estimated PTD Mineral Value:                68,192,646


          ** See Stratified Ratio Detail report for more data