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DATE:   6/27/2004        Comptroller Of Public Accounts             PAGE:      3
TIME: 19:25                  Property Tax Division                   RPT: MIN704
                           2003 Property Value Study
                          Minerals Category Worksheet
                                    120  Jackson
                                120-905  Industrial

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

TXG02 140421                     185,780               228,641            .8125
TXG02 177177                      94,708                92,926           1.0191
TXG02 182038                      56,566               182,711            .3095
TXG02 184564                     143,247               453,026            .3162
TXG02 188896                   1,045,606             1,141,674            .9158
TXG02 189922                     679,341               756,338            .8981
TXG02 190446                      70,904               224,886            .3152
TXG02 190821                     278,031               311,227            .8933
TXO02 000807                   1,302,172               942,367           1.3818
TXO02 000850                     190,205               136,026           1.3982
TXO02 000917                      97,066                49,287           1.9694
TXO02 000937                     186,026               174,789           1.0642
TXO02 001640                   1,737,313             1,539,378           1.1285
TXO02 001656                   8,072,108             8,133,674            .9924
TXO02 001677                   1,309,909             2,568,288            .5100
TXO02 001696                   5,176,906             5,066,992           1.0216
TXO02 001703                     584,754               499,221           1.1713
TXO02 002207                     189,798               191,863            .9892
TXO02 004778                     594,782               425,157           1.3989
TXO02 006760                     292,206               291,101           1.0037
TXO02 006806                      89,429                91,656            .9757
TXO02 007087                     405,362               345,086           1.1746
TXO02 007112                     430,195               440,233            .9771
TXO02 008646                     357,591               449,589            .7953
TXO02 008674                     259,324               430,748            .6020
TXO02 008763                      86,944                97,911            .8879



                     Total Self-Reported Mineral Value:          25,979,300

                     Divided by ISD Mineral Ratio:                    .9449**

                     Estimated PTD Mineral Value:                27,494,232


          ** See Stratified Ratio Detail report for more data