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DATE:   6/27/2004        Comptroller Of Public Accounts             PAGE:      2
TIME: 18:36                  Property Tax Division                   RPT: MIN704
                           2003 Property Value Study
                          Minerals Category Worksheet
                                    090  Gray
                                090-903  McLean

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

TXG10 023698                      58,225                54,537           1.0676
TXG10 023706                     318,089               324,140            .9813
TXG10 023707                     190,384               193,408            .9843
TXG10 023747                      95,789                99,701            .9607
TXG10 023753                     183,933               169,856           1.0828
TXG10 025887                     168,162               159,878           1.0518
TXG10 025932                      63,036                48,309           1.3048
TXG10 025941                     145,747               146,399            .9955
TXG10 026679                      23,206                25,368            .9147
TXG10 034747                      83,829                84,238            .9951
TXG10 035367                     523,264               485,596           1.0775
TXG10 163988                     284,235               257,645           1.1032
TXG10 166395                      47,960                49,906            .9610
TXG10 168215                     103,383               122,678            .8427
TXG10 171872                     115,512               131,772            .8766
TXG10 180644                     381,948               426,684            .8951
TXO10 003828                     413,485               444,408            .9304



                     Total Self-Reported Mineral Value:          45,679,650

                     Divided by ISD Mineral Ratio:                    .9925**

                     Estimated PTD Mineral Value:                46,024,836


          ** See Stratified Ratio Detail report for more data