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DATE:   6/27/2004        Comptroller Of Public Accounts             PAGE:      2
TIME: 19:05                  Property Tax Division                   RPT: MIN704
                           2003 Property Value Study
                          Minerals Category Worksheet
                                    107  Henderson
                                107-902  Brownsboro

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

PSU107 20760                     187,236               175,550           1.0665
PSU107 27000                  52,182,530            52,633,486            .9914
TXG05 015631                     138,377               141,079            .9808
TXG05 015633                     743,240               787,768            .9434
TXG05 033333                      49,140                45,348           1.0836
TXG05 111456                      55,200                33,731           1.6364
TXG05 118440                     124,040               126,579            .9799
TXG05 142730                     100,320                99,466           1.0085
TXO05 002450                     757,940               739,446           1.0250
TXO05 002853                     205,000               215,474            .9513
TXO05 003657                     255,690               255,747            .9997
TXO05 003692                      70,820                69,913           1.0129
TXO05 003713                     305,780               302,432           1.0110



                     Total Self-Reported Mineral Value:          55,581,600

                     Divided by ISD Mineral Ratio:                    .9920**

                     Estimated PTD Mineral Value:                56,029,839


          ** See Stratified Ratio Detail report for more data