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DATE:   6/27/2004        Comptroller Of Public Accounts             PAGE:      5
TIME: 18:09                  Property Tax Division                   RPT: MIN704
                           2003 Property Value Study
                          Minerals Category Worksheet
                                    066  Duval
                                066-905  Ramirez ISD

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

PSU066 U8890                   6,327,420             6,208,656           1.0191
TXG04 036077                     186,920               194,504            .9610
TXG04 041097                     169,020               167,554           1.0087
TXO04 013113                     168,280               169,726            .9914



                     Total Self-Reported Mineral Value:           6,786,840

                     Divided by ISD Mineral Ratio:                   1.0165**

                     Estimated PTD Mineral Value:                 6,676,675


          ** See Stratified Ratio Detail report for more data