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DATE:   6/27/2004        Comptroller Of Public Accounts             PAGE:      1
TIME: 21:36                  Property Tax Division                   RPT: MIN704
                           2003 Property Value Study
                          Minerals Category Worksheet
                                    239  Washington
                                239-901  Brenham

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

PSU239 F0600                   1,652,050             1,668,921            .9898
PSU239 G8900                   4,819,960             4,909,259            .9818
PSU239 W3070                   2,226,650             2,261,825            .9844
PSU239 X0050                     771,690               738,366           1.0451
TXG03 000101                   2,213,990             2,167,569           1.0214
TXG03 160770                     509,530               491,369           1.0369
TXG03 162336                     316,290               301,512           1.0490
TXG03 167653                   1,538,930             1,507,293           1.0209
TXG03 173352                   3,608,450             3,561,205           1.0132
TXG03 176504                   2,750,420             2,721,707           1.0105
TXG03 186634                   6,930,030             6,697,072           1.0347
TXG03 189983                   4,128,990             4,112,788           1.0039



                     Total Self-Reported Mineral Value:          79,994,365

                     Divided by ISD Mineral Ratio:                   1.0105**

                     Estimated PTD Mineral Value:                79,163,152


          ** See Stratified Ratio Detail report for more data