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DATE:   6/27/2004        Comptroller Of Public Accounts             PAGE:      2
TIME: 17:34                  Property Tax Division                   RPT: MIN704
                           2003 Property Value Study
                          Minerals Category Worksheet
                                    040  Cochran
                                040-902  Whiteface-Bledsoe CISD

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

PSU040  99040013               3,338,085             3,060,687           1.0906
TXO08A003568                   1,132,973             1,046,836           1.0822
TXO08A003828                   6,199,859             5,678,726           1.0917
TXO08A005947                  10,221,707            10,067,208           1.0153
TXO08A005998                   7,203,195             7,300,585            .9866
TXO08A006035                   8,230,797             7,561,017           1.0885
TXO08A017616                  12,187,139            10,682,307           1.1408
TXO08A018102                   2,038,020             2,048,259            .9950
TXO08A018149                  13,280,317            13,095,499           1.0141
TXO08A018246                   4,348,903             4,796,828            .9066
TXO08A060190                  23,977,448            27,867,728            .8604
TXO08A060232                   7,160,600             7,220,162            .9917
TXO08A060298                   3,274,871             3,442,810            .9512
TXO08A060436                   7,820,980             6,786,865           1.1523
TXO08A060557                  44,820,348            49,539,394            .9047
TXO08A063263                   1,197,762             1,470,060            .8147
TXO08A066467                     552,872               639,953            .8639



                     Total Self-Reported Mineral Value:         254,952,280

                     Divided by ISD Mineral Ratio:                    .9672**

                     Estimated PTD Mineral Value:               263,598,304


          ** See Stratified Ratio Detail report for more data