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DATE:   6/27/2004        Comptroller Of Public Accounts             PAGE:      2
TIME: 21:36                  Property Tax Division                   RPT: MIN704
                           2003 Property Value Study
                          Minerals Category Worksheet
                                    239  Washington
                                239-903  Burton

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

PSU239 Y0100                     979,880               929,687           1.0539
TXG03 147418                   1,508,250             1,429,410           1.0551
TXG03 148858                     445,980               495,002            .9009
TXG03 173603                     882,980               860,798           1.0257
TXG03 185736                     461,990               427,948           1.0795
TXG03 188994                   1,605,020             1,598,125           1.0043
TXO03 014113                     499,780               525,927            .9502
TXO03 016774                   1,907,300             1,838,819           1.0372
TXO03 021596                     510,640               515,198            .9911
TXO03 021757                     833,280               788,903           1.0562
TXO03 021985                   1,027,170             1,327,735            .7736
TXO03 022008                     274,566               388,751            .7062
TXO03 022025                     529,250               526,866           1.0045
TXO03 022230                   1,787,650             1,652,039           1.0820
TXO03 022242                     393,650               492,105            .7999
TXO03 022415                     506,350               474,191           1.0678
TXO03 022716                     790,400               861,934            .9170
TXO03 024053                   1,334,610             1,361,517            .9802



                     Total Self-Reported Mineral Value:          50,955,710

                     Divided by ISD Mineral Ratio:                    .9869**

                     Estimated PTD Mineral Value:                51,632,090


          ** See Stratified Ratio Detail report for more data