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DATE:   6/27/2004        Comptroller Of Public Accounts             PAGE:      2
TIME: 21:04                  Property Tax Division                   RPT: MIN704
                           2003 Property Value Study
                          Minerals Category Worksheet
                                    214  Starr
                                214-902  San Isidro

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

PSU214 2000                    4,659,690             4,983,599            .9350
PSU214 20800                  11,181,150            11,718,897            .9541
PSU214 34300                   2,455,750             2,476,356            .9916
PSU214 40800                  10,856,590            11,139,005            .9746
PSU214 55200                  13,821,720            14,153,718            .9765
TXG04 067228                   3,508,900             3,452,375           1.0163
TXG04 125864                   1,631,430             1,614,920           1.0102
TXG04 151796                     182,740               110,100           1.6597
TXG04 162232                     562,600               528,416           1.0646
TXG04 176920                   2,202,770             2,240,812            .9830
TXG04 176931                     878,460               915,612            .9594
TXG04 180445                   3,362,620             3,264,515           1.0300
TXG04 182346                     877,240               959,117            .9146
TXG04 182766                   3,280,300             3,291,947            .9964
TXG04 185714                   3,172,360             3,081,056           1.0296
TXG04 185911                   1,289,800             1,330,974            .9690
TXG04 186989                   1,767,770             1,776,608            .9950
TXG04 189314                   2,319,630             1,953,806           1.1872
TXG04 190698                   2,558,240             2,440,368           1.0483
TXG04 192175                   3,655,080             3,655,252            .9999
TXG04 192873                   3,635,480             3,606,313           1.0080
TXO04 003075                   1,099,860             1,071,770           1.0262



                     Total Self-Reported Mineral Value:         145,229,890

                     Divided by ISD Mineral Ratio:                    .9899**

                     Estimated PTD Mineral Value:               146,711,678


          ** See Stratified Ratio Detail report for more data