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DATE:   6/27/2004        Comptroller Of Public Accounts             PAGE:      3
TIME: 16:59                  Property Tax Division                   RPT: MIN704
                           2003 Property Value Study
                          Minerals Category Worksheet
                                    013  Bee
                                013-903  Pettus

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

PSU013     990100              1,511,580               769,066           1.9654
PSU013     990200              8,660,200             4,950,975           1.7491
PSU013 140327                  7,661,180             6,590,581           1.1624
PSU013 140349                  3,075,590             3,029,174           1.0153
PSU013 140393                  4,536,340             4,562,206            .9943
TXG02 003865                     291,840               287,104           1.0164
TXG02 177208                     436,620               459,846            .9494
TXG02 180125                   6,416,150             6,446,677            .9952
TXG02 192167                   9,338,530            10,151,001            .9199
TXG02 192190                     311,250               393,434            .7911
TXG02 192638                   2,451,710             2,250,245           1.0895
TXG02 193795                   3,825,870             3,956,769            .9669



                     Total Self-Reported Mineral Value:          61,030,160

                     Divided by ISD Mineral Ratio:                   1.1065**

                     Estimated PTD Mineral Value:                55,156,042


          ** See Stratified Ratio Detail report for more data