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DATE:   6/27/2004        Comptroller Of Public Accounts             PAGE:      1
TIME: 18:42                  Property Tax Division                   RPT: MIN704
                           2003 Property Value Study
                          Minerals Category Worksheet
                                    092  Gregg
                                092-901  Gladewater

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

PSU092 11610                   8,739,490             9,058,433            .9647
PSU092 12030                   3,212,410             3,206,988           1.0016
PSU092 14630                  10,256,930            10,317,751            .9941
PSU092 23450                   2,832,220             2,757,444           1.0271
PSU092 23590                   9,983,190             9,859,747           1.0125
PSU092 26450                   6,281,550             6,335,440            .9914
PSU092 26995                   3,548,740             3,513,999           1.0098
PSU092 32939                   2,349,210             1,963,868           1.1962
PSU092 33990                   2,320,210             2,329,084            .9961
PSU092 4550                    5,292,480             5,318,051            .9951
TXG06 097475                   1,262,200             1,268,940            .9946
TXG06 105310                   1,309,580             1,215,620           1.0772
TXG06 115888                     145,200               132,222           1.0981
TXG06 129264                   2,860,140             2,914,385            .9813
TXG06 141740                   1,224,740             1,211,351           1.0110
TXG06 154926                     702,750               777,308            .9040
TXG06 159760                     266,170               265,400           1.0029
TXG06 168474                   3,368,300             3,347,390           1.0062
TXG06 169987                   2,706,050             2,750,284            .9839
TXG06 183864                     174,000               151,920           1.1453
TXO06E006921                     202,370               193,595           1.0453
TXO06E007098                     115,080               109,860           1.0475
TXO06E007129                   1,120,300             1,041,474           1.0756
TXO06E008135                     169,560               163,082           1.0397
TXO06E008177                     868,470               852,182           1.0191



                     Total Self-Reported Mineral Value:         115,015,040

                     Divided by ISD Mineral Ratio:                   1.0036**

                     Estimated PTD Mineral Value:               114,602,471


          ** See Stratified Ratio Detail report for more data