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DATE:   6/27/2004        Comptroller Of Public Accounts             PAGE:      1
TIME: 19:49                  Property Tax Division                   RPT: MIN704
                           2003 Property Value Study
                          Minerals Category Worksheet
                                    144  Lee
                                144-901  Giddings

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

PSU144 G7225                     443,510               437,616           1.0134
TXG03 154704                     500,480               535,566            .9344
TXG03 158018                     181,950               223,916            .8125
TXG03 168998                   1,439,380             1,330,855           1.0815
TXG03 179783                     824,920               722,734           1.1413
TXO03 011971                      70,130                70,136            .9999
TXO03 012004                   1,041,960             1,026,831           1.0147
TXO03 013567                     222,660               229,543            .9700
TXO03 013976                      81,140                87,004            .9326
TXO03 014513                   1,025,530             1,121,505            .9144
TXO03 014976                     282,420               284,810            .9916
TXO03 015544                     683,710               666,758           1.0254
TXO03 017060                      32,490                30,103           1.0792
TXO03 017900                     333,432               325,377           1.0247
TXO03 018984                     734,357               798,000            .9202
TXO03 019259                      36,960                36,202           1.0209
TXO03 019824                      60,760                60,771            .9998
TXO03 020874                     464,030               512,040            .9062
TXO03 021593                     211,620               221,113            .9570
TXO03 021786                     370,039               204,822           1.8066
TXO03 021950                     708,470               728,880            .9719
TXO03 022223                     821,720               814,120           1.0093
TXO03 022471                     479,480               565,058            .8485
TXO03 022567                     889,860               881,707           1.0092
TXO03 022743                     414,046               485,375            .8530
TXO03 022772                     515,530               525,093            .9817
TXO03 022806                     236,330               232,251           1.0175
TXO03 022834                     445,840               443,942           1.0042
TXO03 022863                     722,140               730,821            .9881
TXO03 022892                     122,920               121,769           1.0094
TXO03 023178                     227,860               296,824            .7676
TXO03 023321                     525,570               599,320            .8769
TXO03 023334                     229,670               216,782           1.0594



                     Total Self-Reported Mineral Value:          67,756,289

                     Divided by ISD Mineral Ratio:                    .9880**

                     Estimated PTD Mineral Value:                68,579,240


          ** See Stratified Ratio Detail report for more data