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DATE:   6/27/2004        Comptroller Of Public Accounts             PAGE:      1
TIME: 18:11                  Property Tax Division                   RPT: MIN704
                           2003 Property Value Study
                          Minerals Category Worksheet
                                    068  Ector
                                068-901  Ector County

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

PSU068 14520                  43,805,030            45,941,316            .9534
PSU068 16560                   1,528,220             1,759,173            .8687
PSU068 8940                   10,518,980            11,673,899            .9010
PSU068 900300                256,429,766           248,319,731           1.0326
PSU068 900400                 82,046,257            83,387,524            .9839
PSU068 901100                 48,464,970            53,047,378            .9136
PSU068 903300                 49,344,098            50,842,027            .9705
TXG08 019938                     603,960               596,611           1.0123
TXO08 000797                  10,205,580            10,489,066            .9729
TXO08 000848                   5,883,770             5,840,515           1.0074
TXO08 017541                  30,278,240            33,996,498            .8906
TXO08 020538                  17,884,980            17,868,598           1.0009
TXO08 021079                  23,778,500            23,982,331            .9915
TXO08 021532                  18,631,470            17,602,126           1.0584
TXO08 021871                     479,980               483,699            .9923
TXO08 032791                   4,505,350             4,716,072            .9553



                     Total Self-Reported Mineral Value:       1,181,676,388

                     Divided by ISD Mineral Ratio:                    .9754**

                     Estimated PTD Mineral Value:             1,211,478,766


          ** See Stratified Ratio Detail report for more data