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DATE:   6/27/2004        Comptroller Of Public Accounts             PAGE:      2
TIME: 21:16                  Property Tax Division                   RPT: MIN704
                           2003 Property Value Study
                          Minerals Category Worksheet
                                    223  Terry
                                223-902  Meadow

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

PSU223  99223001                 737,306               729,490           1.0107
TXO08A005944                   1,268,978             1,322,897            .9592
TXO08A005955                   2,175,440             2,179,135            .9983
TXO08A012622                     313,847               310,018           1.0123
TXO08A060033                   7,124,828             6,801,216           1.0475
TXO08A061878                     232,998               238,709            .9760
TXO08A063485                     474,441               477,024            .9945
TXO08A064630                     155,940               167,505            .9309
TXO08A065839                     598,783               577,398           1.0370
TXO08A065900                     359,514               349,913           1.0274
TXO08A066451                     415,917               426,377            .9754
TXO08A067137                     327,318               315,860           1.0362
TXO08A067141                     196,609               181,248           1.0847



                     Total Self-Reported Mineral Value:          15,598,570

                     Divided by ISD Mineral Ratio:                   1.0198**

                     Estimated PTD Mineral Value:                15,295,715


          ** See Stratified Ratio Detail report for more data