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DATE:   6/27/2004        Comptroller Of Public Accounts             PAGE:      7
TIME: 18:42                  Property Tax Division                   RPT: MIN704
                           2003 Property Value Study
                          Minerals Category Worksheet
                                    092  Gregg
                                092-908  White Oak

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

PSU092 14300                     132,950               151,295            .8787
PSU092 19200                   2,465,530             2,360,654           1.0444
TXG06 146415                     355,130               340,494           1.0429
TXG06 153764                     382,340               373,771           1.0229
TXG06 154896                     307,100               298,357           1.0293
TXG06 157574                     524,690               501,749           1.0457
TXG06 184796                   1,255,570             1,246,774           1.0070
TXG06 191314                     933,680               936,098            .9974
TXG06 192448                   1,063,510             1,081,710            .9831
TXO06E006169                      63,810                58,182           1.0967
TXO06E006816                     857,290               823,349           1.0412
TXO06E007484                     611,310               633,025            .9656
TXO06E007692                      42,880                41,233           1.0399
TXO06E008258                     627,390               590,970           1.0616



                     Total Self-Reported Mineral Value:          42,180,070

                     Divided by ISD Mineral Ratio:                   1.0197**

                     Estimated PTD Mineral Value:                41,365,176


          ** See Stratified Ratio Detail report for more data