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DATE:   6/27/2004        Comptroller Of Public Accounts             PAGE:      4
TIME: 20:47                  Property Tax Division                   RPT: MIN704
                           2003 Property Value Study
                          Minerals Category Worksheet
                                    198  Robertson
                                198-905  Hearne

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

TXG05 176088                   3,605,689             3,624,903            .9946
TXG05 179273                   1,324,990             1,327,591            .9980
TXG05 181602                   1,492,467             1,535,311            .9720
TXG05 185946                   9,274,750             9,745,352            .9517
TXG05 189000                  46,634,461            46,846,934            .9954
TXO03 022559                     787,868               729,636           1.0798
TXO03 022916                     511,660               539,816            .9478
TXO03 023058                     555,495               456,956           1.2156
TXO03 023238                     488,053               451,448           1.0810
TXO03 023286                     362,677               449,795            .8063
TXO03 023314                   1,160,808             1,088,423           1.0665
TXO03 023328                     939,241               907,202           1.0353
TXO03 023336                     307,409               322,667            .9527
TXO03 023355                     757,165               709,606           1.0670
TXO03 023387                     768,386               748,860           1.0260
TXO03 023425                     297,061               281,947           1.0536
TXO03 023439                     956,505               925,930           1.0330
TXO03 023484                   1,253,519             1,658,361            .7558
TXO03 023796                     678,608               644,480           1.0529
TXO03 023885                     380,170               366,593           1.0370
TXO03 024034                   1,203,985             1,057,245           1.1387
TXO03 024159                     826,100               782,825           1.0552
TXO03 024317                     278,311               260,341           1.0690



                     Total Self-Reported Mineral Value:          84,895,810

                     Divided by ISD Mineral Ratio:                    .9911**

                     Estimated PTD Mineral Value:                85,658,168


          ** See Stratified Ratio Detail report for more data