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DATE:   6/27/2004        Comptroller Of Public Accounts             PAGE:      5
TIME: 20:47                  Property Tax Division                   RPT: MIN704
                           2003 Property Value Study
                          Minerals Category Worksheet
                                    198  Robertson
                                198-906  Mumford

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

TXG05 181775                     107,567               103,661           1.0376
TXO03 022498                   1,111,273               793,136           1.4011
TXO03 022586                     115,243               123,401            .9338
TXO03 022656                     740,367               534,665           1.3847
TXO03 022704                     670,802               655,039           1.0240
TXO03 022740                     606,618               600,119           1.0108
TXO03 022903                     286,986               477,471            .6010
TXO03 022930                   1,052,679             1,042,844           1.0094
TXO03 023009                   1,267,140               788,684           1.6066
TXO03 023079                   1,567,770             1,656,638            .9463
TXO03 023113                     239,925               228,438           1.0502
TXO03 023155                   2,457,114             2,407,190           1.0207
TXO03 023228                     166,193               167,808            .9903
TXO03 023238                     796,297               736,572           1.0810
TXO03 023246                     475,121               490,748            .9681
TXO03 023304                     347,634               459,857            .7559
TXO03 023328                   1,100,371             1,062,835           1.0353
TXO03 023338                   1,199,714             1,237,917            .9691
TXO03 023348                     491,065               482,958           1.0167
TXO03 023421                     183,338               184,119            .9957
TXO03 023425                     233,405               221,530           1.0536
TXO03 023464                     154,545               175,936            .8784
TXO03 023564                     910,965               876,050           1.0398
TXO03 023879                     391,406               396,657            .9867
TXO03 023923                     381,009               378,570           1.0064
TXO03 023925                     606,496               598,637           1.0131
TXO03 023954                     397,157               385,468           1.0303
TXO03 023990                     543,286               530,710           1.0236
TXO03 024035                     643,247               654,773            .9823
TXO03 024209                     257,444               240,946           1.0684



                     Total Self-Reported Mineral Value:          22,632,840

                     Divided by ISD Mineral Ratio:                   1.0433**

                     Estimated PTD Mineral Value:                21,693,511


          ** See Stratified Ratio Detail report for more data