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DATE:   6/27/2004        Comptroller Of Public Accounts             PAGE:      8
TIME: 19:05                  Property Tax Division                   RPT: MIN704
                           2003 Property Value Study
                          Minerals Category Worksheet
                                    107  Henderson
                                107-910  La Poynor

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

PSU107 20795                   7,131,160             5,788,885           1.2318
TXG05 090138                      12,350                12,350           1.0000
TXG05 112019                      95,790                96,140            .9963
TXG05 123556                   4,704,890             4,577,786           1.0277
TXG05 124987                   9,429,700             7,440,552           1.2673
TXG05 162652                     244,800               257,775            .9496
TXO05 004123                      13,480                10,300           1.3087
TXO05 010479                      23,780                20,600           1.1543
TXO05 011051                     130,560               117,911           1.1072
TXO05 011911                     384,560               381,356           1.0084



                     Total Self-Reported Mineral Value:         143,075,660

                     Divided by ISD Mineral Ratio:                   1.0336**

                     Estimated PTD Mineral Value:               138,424,594


          ** See Stratified Ratio Detail report for more data