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DATE:   6/27/2004        Comptroller Of Public Accounts             PAGE:      1
TIME: 21:54                  Property Tax Division                   RPT: MIN704
                           2003 Property Value Study
                          Minerals Category Worksheet
                                    252  Young
                                252-901  Graham

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

PSU252  99252002               7,766,097             7,870,961            .9866
TXG09 021377                     174,256               160,550           1.0853
TXG09 021718                      86,587               149,146            .5805
TXG09 042051                      56,557                35,729           1.5829
TXG09 117072                      38,435                38,338           1.0025
TXG09 176083                     498,133               483,344           1.0305
TXO09 007221                      13,841                12,284           1.1267
TXO09 007547                      15,726                15,489           1.0153
TXO09 007581                     308,305               291,102           1.0590
TXO09 010546                      54,891                55,511            .9888
TXO09 013041                   3,643,875             3,591,867           1.0144
TXO09 014369                     113,298               100,391           1.1285
TXO09 016794                     254,262               249,842           1.0176
TXO09 018916                     135,139               137,769            .9809
TXO09 020444                     243,536               227,952           1.0683
TXO09 023314                     143,832               137,755           1.0441
TXO09 023856                      25,837                26,091            .9902
TXO09 025572                     359,358               339,133           1.0596
TXO09 025728                     294,386               299,247            .9837
TXO09 026485                     161,928               159,202           1.0171
TXO09 026494                     890,940               954,915            .9330
TXO09 027031                     562,150               564,684            .9955
TXO09 028244                     251,915               298,513            .8438
TXO09 028599                     356,450               361,496            .9860
TXO09 029327                     391,268               377,720           1.0358
TXO09 029332                      26,593                26,670            .9971
TXO09 029344                     494,776               541,111            .9143
TXO09 029833                     385,294               405,204            .9508
TXO09 029846                     152,251               128,386           1.1858
TXO09 029960                     814,002               720,686           1.1294
TXO09 030075                     314,195               329,804            .9526



                     Total Self-Reported Mineral Value:          51,590,924

                     Divided by ISD Mineral Ratio:                    .9967**

                     Estimated PTD Mineral Value:                51,761,738


          ** See Stratified Ratio Detail report for more data