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DATE:   6/27/2004        Comptroller Of Public Accounts             PAGE:      1
TIME: 18:46                  Property Tax Division                   RPT: MIN704
                           2003 Property Value Study
                          Minerals Category Worksheet
                                    095  Hale
                                095-901  Abernathy

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

PSU095 C6800                   1,988,040             1,994,760            .9966
PSU095 O1500                   2,380,220             2,346,563           1.0143
PSU095 Q6500                   1,064,300               996,237           1.0683
TXO08A000293                   1,077,380             1,071,040           1.0059
TXO08A000304                  83,323,968            83,497,641            .9979
TXO08A000311                   1,896,490             1,918,412            .9885
TXO08A064838                   1,285,640             1,182,506           1.0872
TXO08A068318                   5,067,180             5,172,262            .9796
TXO08A068343                   4,930,110             5,155,587            .9562
TXO08A068389                   3,158,330             4,028,099            .7840
TXO08A068420                     656,520               657,093            .9991



                     Total Self-Reported Mineral Value:         108,522,090

                     Divided by ISD Mineral Ratio:                    .9885**

                     Estimated PTD Mineral Value:               109,784,613


          ** See Stratified Ratio Detail report for more data