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DATE:   6/27/2004        Comptroller Of Public Accounts             PAGE:      7
TIME: 20:56                  Property Tax Division                   RPT: MIN704
                           2003 Property Value Study
                          Minerals Category Worksheet
                                    205  San Patricio
                                205-907  Taft

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

PSU205 120                       609,930               647,901            .9413
PSU205 2995                    1,846,000             1,844,218           1.0009
PSU205 3302                    2,106,270             2,446,754            .8608
TXG04 066093                     638,160               709,351            .8996
TXG04 074203                   1,182,660             1,159,481           1.0199
TXG04 078381                     245,830               230,323           1.0673
TXG04 079878                     473,580               518,110            .9140
TXG04 097772                   1,151,970             1,014,598           1.1353
TXG04 108840                     446,730               344,783           1.2956
TXG04 114581                     501,670               498,539           1.0062
TXG04 149000                   1,497,400             1,544,879            .9692
TXG04 187367                   1,045,270               714,966           1.4619
TXG04 191862                   2,332,670             2,305,144           1.0119



                     Total Self-Reported Mineral Value:          19,874,210

                     Divided by ISD Mineral Ratio:                   1.0071**

                     Estimated PTD Mineral Value:                19,734,098


          ** See Stratified Ratio Detail report for more data