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DATE:   6/27/2004        Comptroller Of Public Accounts             PAGE:      5
TIME: 20:16                  Property Tax Division                   RPT: MIN704
                           2003 Property Value Study
                          Minerals Category Worksheet
                                    169  Montague
                                169-909  Prairie Valley

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

PSU169 4340                      416,680               469,161            .8881
TXO09 004131                     477,210               330,953           1.4419
TXO09 004153                   1,421,130             1,317,038           1.0790
TXO09 004160                   3,795,110             3,712,536           1.0222
TXO09 004176                     969,960               935,577           1.0367
TXO09 004216                     318,080               295,476           1.0765
TXO09 004220                      75,750                76,584            .9891
TXO09 004230                   2,478,850             2,406,288           1.0301
TXO09 004255                   2,429,440             2,339,882           1.0382
TXO09 004259                     111,560                94,639           1.1787
TXO09 004264                   4,400,720             4,440,499            .9910
TXO09 004284                     246,880               203,810           1.2113



                     Total Self-Reported Mineral Value:          28,729,020

                     Divided by ISD Mineral Ratio:                   1.0312**

                     Estimated PTD Mineral Value:                27,859,794


          ** See Stratified Ratio Detail report for more data