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DATE:   6/27/2004        Comptroller Of Public Accounts             PAGE:      6
TIME: 20:56                  Property Tax Division                   RPT: MIN704
                           2003 Property Value Study
                          Minerals Category Worksheet
                                    205  San Patricio
                                205-906  Sinton

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

PSU205 15187                     123,790                90,970           1.3607
PSU205 15249                     242,930               162,462           1.4953
PSU205 4710                    1,031,440               960,882           1.0734
PSU205 4730                      188,340               226,757            .8305
PSU205 4810                   10,621,710             9,853,868           1.0779
PSU205 4830                      375,680               340,387           1.1036
PSU205 4840                      240,160               219,756           1.0928
TXG04 125662                     198,180               165,297           1.1989
TXG04 177713                     672,450               767,132            .8765
TXG04 185471                   1,986,820             2,016,091            .9854
TXO04 010325                      72,690                70,105           1.0368
TXO04 011309                      54,920                48,365           1.1355



                     Total Self-Reported Mineral Value:          16,007,130

                     Divided by ISD Mineral Ratio:                   1.0590**

                     Estimated PTD Mineral Value:                15,115,326


          ** See Stratified Ratio Detail report for more data