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DATE:   6/27/2004        Comptroller Of Public Accounts             PAGE:      3
TIME: 17:19                  Property Tax Division                   RPT: MIN704
                           2003 Property Value Study
                          Minerals Category Worksheet
                                    026  Burleson
                                026-903  Snook

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

PSU026 B8905                     318,140               298,940           1.0642
PSU026 E5970                      66,490                68,500            .9706
PSU026 J1245                     275,080               286,387            .9605
PSU026 J7492                     184,670               186,175            .9919
PSU026 N5736                     228,060               239,110            .9537
PSU026 Q2200                     760,490               782,401            .9719
PSU026 W3760                   1,673,020             1,554,115           1.0765
PSU026 W3800                     804,890               809,463            .9943
TXG03 140462                      76,170                83,971            .9070
TXG03 142124                      62,460                48,511           1.2875
TXG03 143940                     612,640               329,926           1.8569
TXG03 145349                   1,076,790             1,086,549            .9910
TXG03 148232                     706,320               715,186            .9876
TXG03 149257                      40,880                42,121            .9705
TXG03 149586                   1,181,770             1,121,804           1.0534
TXG03 154793                     391,150               385,637           1.0142
TXG03 155376                     376,770               344,802           1.0927
TXG03 158014                     296,440               575,745            .5148
TXG03 162950                     276,860               217,238           1.2744
TXG03 168633                     860,280               842,523           1.0210
TXO03 013696                     322,160               324,196            .9937
TXO03 013869                     292,170               295,873            .9874
TXO03 013880                     186,230               190,903            .9755
TXO03 014687                     244,350               244,202           1.0006
TXO03 020663                     186,580               190,409            .9798
TXO03 020671                     152,400               156,116            .9761
TXO03 020875                     373,760               409,182            .9134
TXO03 020944                     232,460               238,077            .9764
TXO03 020972                     158,100               166,532            .9493
TXO03 020974                      59,330                76,194            .7786
TXO03 021026                     340,080               357,532            .9511
TXO03 021084                     380,580               412,857            .9218
TXO03 021119                     167,590               167,618            .9998
TXO03 021192                     331,580               327,973           1.0109
TXO03 021334                     225,570               217,602           1.0366
TXO03 021371                     221,390               217,823           1.0163
TXO03 022519                      88,760                87,488           1.0145
TXO03 023313                     320,390               337,604            .9490
TXO03 023945                     306,920               337,910            .9082
TXO03 024016                   1,526,520             1,413,383           1.0800
TXO03 024061                     295,770               290,481           1.0182

DATE: 6/27/2004 Comptroller Of Public Accounts PAGE: 4 TIME: 17:19 Property Tax Division RPT: MIN704 2003 Property Value Study Minerals Category Worksheet 026 Burleson 026-903 Snook -------------------------------------------------------------------------------- PTD Lease Number Appraised Market or Mineral Type Value Value Ratio -------------------------------------------------------------------------------- Oil & Gas Sample Leases: Total Self-Reported Mineral Value: 22,420,880 Divided by ISD Mineral Ratio: 1.0123** Estimated PTD Mineral Value: 22,148,454 ** See Stratified Ratio Detail report for more data