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DATE:   6/27/2004        Comptroller Of Public Accounts             PAGE:      2
TIME: 21:42                  Property Tax Division                   RPT: MIN704
                           2003 Property Value Study
                          Minerals Category Worksheet
                                    243  Wichita
                                243-902  Electra

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

PSU243 27000                      35,000                33,992           1.0296
PSU243 62700                   1,154,750             1,121,629           1.0295
TXO09 005656                      97,440                89,127           1.0932
TXO09 005659                   1,671,860             1,354,177           1.2345
TXO09 005685                   5,994,970             5,904,622           1.0153
TXO09 006086                     217,590               170,862           1.2734
TXO09 010267                   4,256,967             4,104,574           1.0371
TXO09 011107                     181,650               188,055            .9659
TXO09 013397                     422,310               373,127           1.1318
TXO09 016415                      54,460                49,247           1.1058
TXO09 026755                   1,606,210             1,608,445            .9986
TXO09 029998                     275,410               290,304            .9486



                     Total Self-Reported Mineral Value:          30,208,030

                     Divided by ISD Mineral Ratio:                   1.0445**

                     Estimated PTD Mineral Value:                28,921,044


          ** See Stratified Ratio Detail report for more data