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DATE:   6/27/2004        Comptroller Of Public Accounts             PAGE:      1
TIME: 19:55                  Property Tax Division                   RPT: MIN704
                           2003 Property Value Study
                          Minerals Category Worksheet
                                    149  Live Oak
                                149-901  George West

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

PSU149  99149008               6,634,817             6,704,360            .9896
TXG02 001712                     438,155               465,014            .9422
TXG02 049721                     611,235               619,983            .9858
TXG02 094294                   1,064,414             1,124,510            .9465
TXG02 099506                   1,266,132             1,583,029            .7998
TXG02 100737                     157,466               140,854           1.1179
TXG02 109270                     266,743               308,600            .8643
TXG02 111599                     779,502               776,653           1.0036
TXG02 142820                     714,731               733,993            .9737
TXG02 150982                   2,270,881             2,262,289           1.0037
TXG02 152286                   2,387,282             2,375,297           1.0050
TXG02 172697                   2,050,119             2,077,770            .9866
TXG02 176660                   1,603,373             1,666,226            .9622
TXG02 187006                   6,601,219             6,699,767            .9852
TXG02 190431                   2,156,240             2,198,158            .9809
TXG02 191196                   3,027,922             2,852,071           1.0616
TXG02 192422                   4,242,117             4,313,919            .9833
TXG02 192478                   1,585,460             1,614,401            .9820
TXO02 002352                     248,638               298,107            .8340



                     Total Self-Reported Mineral Value:          81,165,980

                     Divided by ISD Mineral Ratio:                    .9817**

                     Estimated PTD Mineral Value:                82,679,006


          ** See Stratified Ratio Detail report for more data