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DATE:   6/27/2004        Comptroller Of Public Accounts             PAGE:      2
TIME: 20:13                  Property Tax Division                   RPT: MIN704
                           2003 Property Value Study
                          Minerals Category Worksheet
                                    166  Milam
                                166-902  Gause

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

TXO01 014028                     395,799               370,575           1.0680
TXO03 022831                     160,239               181,469            .8830
TXO03 022952                     338,360               358,285            .9443
TXO03 023025                     706,235               667,820           1.0575
TXO03 023026                     759,471               728,104           1.0430
TXO03 023031                     179,435               160,680           1.1167
TXO03 023064                     665,452               657,330           1.0123
TXO03 023098                     413,679               390,086           1.0604
TXO03 023120                     550,450               517,877           1.0628
TXO03 023138                     918,136               870,682           1.0545
TXO03 023279                     633,898               567,309           1.1173
TXO03 023286                      71,407                88,559            .8063
TXO03 023302                     392,584               359,695           1.0914
TXO03 023376                     408,240               380,834           1.0719
TXO03 023412                     465,205               693,284            .6710
TXO03 023447                     426,533               374,836           1.1379
TXO03 023462                     656,779               609,608           1.0773
TXO03 023633                     136,566               139,609            .9782
TXO03 023640                     257,482               250,019           1.0298
TXO03 023655                     761,105               748,103           1.0173
TXO03 023656                     316,631               365,297            .8667
TXO03 023658                     219,552               208,891           1.0510
TXO03 023664                     242,496               233,297           1.0394
TXO03 023713                     730,227               777,245            .9395
TXO03 023719                     149,624               202,768            .7379
TXO03 023724                     862,631               839,467           1.0275
TXO03 023742                     485,628               321,612           1.5099
TXO03 023745                     513,056               521,780            .9832
TXO03 023772                     750,550               750,591            .9999
TXO03 024219                     133,643               148,564            .8995
TXO03 024264                     355,761               368,070            .9665
TXO03 024268                   1,277,320             1,256,377           1.0166
TXO03 024270                   1,068,434               966,466           1.1055



                     Total Self-Reported Mineral Value:          17,416,730

                     Divided by ISD Mineral Ratio:                   1.0204**

                     Estimated PTD Mineral Value:                17,068,532


          ** See Stratified Ratio Detail report for more data