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DATE:   6/27/2004        Comptroller Of Public Accounts             PAGE:      3
TIME: 21:54                  Property Tax Division                   RPT: MIN704
                           2003 Property Value Study
                          Minerals Category Worksheet
                                    252  Young
                                252-903  Olney

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

TXO09 000191                      12,980                13,690            .9481
TXO09 000771                      67,589                64,767           1.0435
TXO09 007449                      18,289                16,125           1.1342
TXO09 007453                      58,017                59,189            .9801
TXO09 007638                     201,845               223,377            .9036
TXO09 019238                     109,248               106,497           1.0258
TXO09 019520                      60,366                52,194           1.1565
TXO09 020184                      26,808                22,078           1.2142
TXO09 021929                     159,783               156,737           1.0194
TXO09 027010                     207,800               206,894           1.0043
TXO09 029192                     177,434               167,484           1.0594
TXO09 029890                     734,724               734,066           1.0008



                     Total Self-Reported Mineral Value:           8,286,684

                     Divided by ISD Mineral Ratio:                   1.0065**

                     Estimated PTD Mineral Value:                 8,233,168


          ** See Stratified Ratio Detail report for more data