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DATE:   6/27/2004        Comptroller Of Public Accounts             PAGE:      5
TIME: 20:56                  Property Tax Division                   RPT: MIN704
                           2003 Property Value Study
                          Minerals Category Worksheet
                                    205  San Patricio
                                205-905  Odem-Edroy

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

PSU205 1180                      219,490               237,994            .9222
PSU205 2730                      377,520               489,575            .7711
PSU205 3490                      188,050               189,820            .9906
PSU205 370                       157,010               158,288            .9919
PSU205 4250                      229,250               212,794           1.0773
PSU205 4700                    2,648,220             2,699,333            .9810
PSU205 4800                    2,420,640             2,417,928           1.0011
TXG04 113893                     127,960               211,330            .6054
TXG04 121699                      68,120                90,568            .7521
TXG04 162303                     198,020               220,347            .8986
TXG04 191515                   1,032,130             1,086,520            .9499
TXO04 011740                      87,710                80,739           1.0863
TXO04 012756                     145,920               145,760           1.0010
TXO04 012778                     132,800               144,822            .9169



                     Total Self-Reported Mineral Value:           8,751,070

                     Divided by ISD Mineral Ratio:                    .9535**

                     Estimated PTD Mineral Value:                 9,177,840


          ** See Stratified Ratio Detail report for more data