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DATE:   6/27/2004        Comptroller Of Public Accounts             PAGE:      2
TIME: 18:42                  Property Tax Division                   RPT: MIN704
                           2003 Property Value Study
                          Minerals Category Worksheet
                                    092  Gregg
                                092-902  Kilgore

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

PSU092 92435                   2,570,390             2,571,085            .9997
TXG06 126766                     202,860               200,732           1.0106
TXG06 181514                   1,069,960             1,103,064            .9699
TXG06 182876                     480,840               498,135            .9652
TXG06 183795                   1,567,810             1,524,984           1.0280
TXG06 185671                     739,120               680,078           1.0868
TXG06 186212                     907,230               859,484           1.0555
TXG06 190146                     870,480               831,983           1.0462
TXG06 192911                   2,312,360             2,303,650           1.0037
TXO06 014052                     286,960               269,602           1.0643
TXO06E006854                     456,400               438,823           1.0400
TXO06E007374                      75,380                71,888           1.0485



                     Total Self-Reported Mineral Value:          63,981,240

                     Divided by ISD Mineral Ratio:                   1.0164**

                     Estimated PTD Mineral Value:                62,948,878


          ** See Stratified Ratio Detail report for more data