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DATE:   6/27/2004        Comptroller Of Public Accounts             PAGE:      1
TIME: 21:17                  Property Tax Division                   RPT: MIN704
                           2003 Property Value Study
                          Minerals Category Worksheet
                                    224  Throckmorton
                                224-901  Throckmorton

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

TXO07B004726                     132,940               126,651           1.0496
TXO07B004874                     552,270               531,198           1.0396
TXO07B008817                     112,810                86,225           1.3083
TXO07B011167                      23,800                23,663           1.0057
TXO07B015454                      48,830                66,035            .7394
TXO07B019119                     230,940               231,096            .9993
TXO07B023443                     623,490               563,681           1.1061
TXO07B025361                   1,139,500             1,132,370           1.0062
TXO07B026697                   1,107,380             1,100,582           1.0061
TXO07B026902                   1,317,189             1,284,767           1.0252
TXO07B026931                     176,250               169,937           1.0371
TXO07B027212                     918,020               953,873            .9624
TXO07B027445                     665,040               682,032            .9750
TXO07B027553                     269,660               232,539           1.1596
TXO07B027959                     204,630               238,454            .8581
TXO07B028332                     330,230               300,057           1.1005
TXO07B028494                   1,449,190             1,487,267            .9743
TXO07B028901                     514,700               513,321           1.0026
TXO07B029085                   1,506,580             1,455,412           1.0351



                     Total Self-Reported Mineral Value:          30,031,560

                     Divided by ISD Mineral Ratio:                   1.0129**

                     Estimated PTD Mineral Value:                29,649,087


          ** See Stratified Ratio Detail report for more data