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DATE:   6/27/2004        Comptroller Of Public Accounts             PAGE:      3
TIME: 20:58                  Property Tax Division                   RPT: MIN704
                           2003 Property Value Study
                          Minerals Category Worksheet
                                    208  Scurry
                                208-903  Ira

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

PSU208 Q6160                     354,630               340,300           1.0421
PSU208 Q8440                     675,430               666,219           1.0138
PSU208 W8860                   3,804,450             3,774,282           1.0079
PSU208 Y3120                   3,899,910             4,025,897            .9687
TXO08A005635                   1,008,000               899,955           1.1200
TXO08A005738                   1,329,800             1,552,778            .8564
TXO08A013382                   2,081,330             1,699,110           1.2249
TXO08A065290                     178,080               118,733           1.4998
TXO08A066770                     498,540               291,302           1.7114
TXO08A066984                     365,840               362,532           1.0091
TXO08A068175                   1,013,590             1,041,370            .9733
TXO08A068332                     101,420               100,978           1.0043



                     Total Self-Reported Mineral Value:          64,244,760

                     Divided by ISD Mineral Ratio:                   1.0294**

                     Estimated PTD Mineral Value:                62,409,909


          ** See Stratified Ratio Detail report for more data