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DATE:   6/27/2004        Comptroller Of Public Accounts             PAGE:      8
TIME: 20:51                  Property Tax Division                   RPT: MIN704
                           2003 Property Value Study
                          Minerals Category Worksheet
                                    201  Rusk
                                201-913  Carlisle

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

PSU201 91305                      94,790                94,522           1.0028
PSU201 91384                      69,360                69,609            .9964
TXG06 116537                     108,850               100,247           1.0858
TXG06 150983                      37,640                37,752            .9970
TXG06 190152                     254,340               223,104           1.1400
TXG06 190153                     770,230               758,405           1.0155
TXO06 005470                     473,130               449,672           1.0521
TXO06 005473                     269,510               262,105           1.0282
TXO06 005481                     325,900               325,833           1.0002
TXO06 005500                     729,560               735,191            .9923
TXO06 005501                     773,910               820,243            .9435
TXO06 012673                     330,680               450,690            .7337
TXO06 012762                     369,640               444,522            .8315
TXO06 014112                     778,750               800,543            .9727
TXO06E006127                      55,940                59,750            .9362
TXO06E006555                      43,930                61,896            .7097
TXO06E007343                     224,300               228,805            .9803
TXO06E007349                     214,500               205,309           1.0447
TXO06E007500                      98,410                85,057           1.1569
TXO06E007584                     247,620               237,538           1.0424
TXO06E007609                     577,300               575,682           1.0028



                     Total Self-Reported Mineral Value:           7,783,470

                     Divided by ISD Mineral Ratio:                    .9750**

                     Estimated PTD Mineral Value:                 7,983,046


          ** See Stratified Ratio Detail report for more data