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DATE:   6/27/2004        Comptroller Of Public Accounts             PAGE:      1
TIME: 20:43                  Property Tax Division                   RPT: MIN704
                           2003 Property Value Study
                          Minerals Category Worksheet
                                    192  Reagan
                                192-901  Reagan

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

PSU192 A9850                   3,023,580             3,096,384            .9764
PSU192 F0440                     475,170               514,888            .9228
PSU192 M5740                     350,280               358,726            .9764
PSU192 R5920                   3,587,960             3,032,085           1.1833
PSU192 W0435                   1,412,380             1,760,237            .8023
PSU192 W0995                     224,830               209,823           1.0715
TXG07C186344                     830,160               832,093            .9976
TXO07C001300                   1,633,760             1,636,936            .9980
TXO07C001599                     165,020               168,693            .9782
TXO07C004156                     429,770               430,537            .9982
TXO07C004812                      31,380                32,368            .9694
TXO07C004933                     100,240               107,921            .9288
TXO07C007047                     786,850               782,179           1.0059
TXO07C007312                     161,710               162,580            .9946
TXO07C009514                     128,600               141,944            .9059
TXO07C010013                      45,450                38,316           1.1861
TXO07C010915                     132,400               130,994           1.0107
TXO07C011011                     251,440               256,783            .9791
TXO07C012930                      39,930                34,600           1.1540
TXO07C013764                     655,950               664,208            .9875
TXO07C013819                   2,879,120             2,700,457           1.0661
TXO07C013902                   2,454,190             2,493,410            .9842
TXO07C013929                     472,610               481,510            .9815
TXO07C013930                     406,350               440,367            .9227
TXO07C014059                     122,350               125,931            .9715
TXO07C014153                     396,050               409,777            .9665
TXO07C014155                     322,220               314,986           1.0229
TXO07C014164                      45,560                44,313           1.0281
TXO07C014174                     160,270               154,429           1.0378
TXO07C014184                     381,140               389,276            .9790
TXO07C014229                     755,100               777,401            .9713
TXO07C014309                      71,300                68,502           1.0408
TXO07C014362                      73,270                74,220            .9872
TXO07C014671                     123,110               116,467           1.0570
TXO07C015018                   1,421,590             1,379,699           1.0303
TXO07C015235                     889,860               858,410           1.0366
TXO07C015294                   2,364,970             1,961,759           1.2055
TXO07C015299                   1,865,670             1,677,777           1.1119



                     Total Self-Reported Mineral Value:         305,207,570

                     Divided by ISD Mineral Ratio:                   1.0281**

                     Estimated PTD Mineral Value:               296,865,645


          ** See Stratified Ratio Detail report for more data