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DATE:   6/27/2004        Comptroller Of Public Accounts             PAGE:      4
TIME: 20:03                  Property Tax Division                   RPT: MIN704
                           2003 Property Value Study
                          Minerals Category Worksheet
                                    158  Matagorda
                                158-905  Palacios

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

PSU158 10159                     985,370             1,636,439            .6021
PSU158 10183                   1,419,740             1,402,594           1.0122
PSU158 5365                    1,406,710             1,402,375           1.0030
PSU158 6480                      496,140               906,758            .5471
PSU158 7170                      673,590               464,969           1.4486
TXG03 070868                   2,373,040             2,411,854            .9839
TXG03 071459                     710,660               760,542            .9344
TXG03 081738                     242,190               337,427            .7177
TXG03 094584                     541,430               626,443            .8642
TXG03 109101                  14,455,100            14,300,105           1.0108
TXG03 126376                     189,500               202,304            .9367
TXG03 136310                     195,220               186,080           1.0491
TXG03 140207                     334,440               242,720           1.3778
TXG03 145483                     939,070             1,348,512            .6963
TXG03 162414                     255,030               293,811            .8680
TXG03 163278                     209,410               109,299           1.9159
TXG03 175103                     481,940               441,401           1.0918
TXG03 175599                   1,297,500             1,333,335            .9731
TXG03 177448                   1,010,440             1,028,602            .9823
TXG03 178887                   2,286,230             2,507,941            .9115
TXG03 180649                   5,088,580             5,182,804            .9818
TXG03 180691                     578,430               563,509           1.0264
TXG03 184382                  21,271,300            23,249,634            .9149
TXG03 189170                     782,820               803,367            .9744
TXG03 189663                   1,773,110             1,672,651           1.0600
TXG03 192271                   1,319,790             1,295,438           1.0187
TXO03 012947                     239,610               234,505           1.0217
TXO03 023821                   1,610,490             1,597,511           1.0081



                     Total Self-Reported Mineral Value:          48,553,460

                     Divided by ISD Mineral Ratio:                    .9493**

                     Estimated PTD Mineral Value:                51,146,592


          ** See Stratified Ratio Detail report for more data