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DATE:   6/27/2004        Comptroller Of Public Accounts             PAGE:      2
TIME: 20:44                  Property Tax Division                   RPT: MIN704
                           2003 Property Value Study
                          Minerals Category Worksheet
                                    194  Red River
                                194-903  Rivercrest

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

TXO06 001606                      57,406                58,419            .9826
TXO06 001633                     293,132               301,460            .9723
TXO06 001654                      67,284                68,152            .9872
TXO06 001659                     563,700               545,288           1.0337
TXO06 001660                     133,359               154,635            .8624
TXO06 001661                     217,643               223,705            .9729
TXO06 001667                     317,846               310,087           1.0250
TXO06 001742                     188,276               195,169            .9646
TXO06 003061                   1,200,324             1,257,071            .9548
TXO06 003118                      26,736                24,282           1.1010
TXO06 005150                     853,936               854,734            .9990
TXO06 013939                     173,997               174,413            .9976



                     Total Self-Reported Mineral Value:           8,697,190

                     Divided by ISD Mineral Ratio:                    .9823**

                     Estimated PTD Mineral Value:                 8,853,904


          ** See Stratified Ratio Detail report for more data