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DATE:   6/27/2004        Comptroller Of Public Accounts             PAGE:      7
TIME: 18:18                  Property Tax Division                   RPT: MIN704
                           2003 Property Value Study
                          Minerals Category Worksheet
                                    072  Erath
                                072-910  Morgan Mill

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

PSU072 40003                     168,120               171,787            .9786
TXG07B108999                      55,760                62,977            .8854
TXG07B109000                      62,470                62,664            .9969
TXG07B110807                      49,490                50,564            .9787
TXG07B110964                     190,070               199,902            .9508
TXG07B113939                     251,120               222,841           1.1269
TXG07B114241                     134,100               134,654            .9958
TXG07B114346                     236,570               235,475           1.0046
TXG07B117694                     149,010               141,289           1.0546
TXG07B117695                     368,920               357,577           1.0317
TXG07B119211                     174,640               177,486            .9839
TXG07B119461                      70,250                71,919            .9767
TXG07B121678                     177,730               184,753            .9619
TXG07B121708                     126,570               123,922           1.0213
TXG07B122763                      52,210                50,641           1.0309
TXG07B124175                      33,810                34,858            .9699
TXG07B126958                     245,620               237,541           1.0340
TXG07B126960                     122,790               118,024           1.0403
TXG07B127106                     258,230               250,962           1.0289
TXG07B127152                     294,490               274,328           1.0734
TXG07B127154                     104,450               108,629            .9615
TXG07B127155                     339,700               339,283           1.0012
TXG07B127182                     145,200               143,017           1.0152
TXG07B127183                     200,370               206,037            .9724
TXG07B127185                     209,950               231,762            .9058
TXG07B127264                      70,820                70,433           1.0054
TXG07B127428                     198,180               183,329           1.0810
TXG07B127466                     109,730               116,562            .9413
TXG07B145092                     184,520               186,707            .9882



                     Total Self-Reported Mineral Value:           6,251,210

                     Divided by ISD Mineral Ratio:                   1.0074**

                     Estimated PTD Mineral Value:                 6,205,291


          ** See Stratified Ratio Detail report for more data