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DATE:   6/27/2004        Comptroller Of Public Accounts             PAGE:      5
TIME: 18:18                  Property Tax Division                   RPT: MIN704
                           2003 Property Value Study
                          Minerals Category Worksheet
                                    072  Erath
                                072-908  Huckabay

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

PSU072 19300                     120,060                99,586           1.2055
TXG07B018581                       7,830                 7,826           1.0005
TXG07B018587                      27,500                29,633            .9280
TXG07B018594                      27,220                27,526            .9888
TXG07B018606                      90,890               125,307            .7253
TXG07B018607                      35,990                34,223           1.0516
TXG07B018618                      34,510                53,377            .6465
TXG07B077211                      28,820                28,427           1.0138
TXG07B084176                     141,780               145,074            .9772
TXG07B094690                      52,130                55,892            .9326
TXG07B127218                     176,680               202,943            .8705
TXG07B152849                      61,900                62,493            .9905
TXG07B187871                     777,040               774,965           1.0026



                     Total Self-Reported Mineral Value:           3,422,780

                     Divided by ISD Mineral Ratio:                    .9401**

                     Estimated PTD Mineral Value:                 3,640,868


          ** See Stratified Ratio Detail report for more data