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DATE:   6/27/2004        Comptroller Of Public Accounts             PAGE:      1
TIME: 19:25                  Property Tax Division                   RPT: MIN704
                           2003 Property Value Study
                          Minerals Category Worksheet
                                    120  Jackson
                                120-901  Edna

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

TXG02 132191                     169,198               167,202           1.0119
TXG02 163085                   1,040,024               908,565           1.1446
TXG02 169129                     747,847               765,240            .9772
TXG02 169316                   7,337,768             7,297,858           1.0054
TXG02 174361                     204,612               204,708            .9995
TXG02 176507                   7,338,536             7,546,392            .9724
TXG02 177233                   4,553,847             4,651,600            .9789
TXG02 177660                   4,501,729             4,630,938            .9720
TXG02 178549                   2,840,823             2,764,892           1.0274
TXG02 186403                     667,129               766,160            .8707
TXG02 187086                     301,725               260,708           1.1573
TXO02 008372                   1,338,538             1,342,529            .9970



                     Total Self-Reported Mineral Value:          52,578,330

                     Divided by ISD Mineral Ratio:                    .9915**

                     Estimated PTD Mineral Value:                53,029,077


          ** See Stratified Ratio Detail report for more data