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DATE:   1/22/2004        Comptroller Of Public Accounts             PAGE:      1
TIME: 12:41                  Property Tax Division                   RPT: MIN704
                           2003 Property Value Study
                          Minerals Category Worksheet
                                    005  Archer
                                005-901  Archer City

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

PSU005 15580                     958,970               992,532            .9661
PSU005 90207                   1,381,470             1,323,886           1.0434
TXO09 000059                      21,140                19,796           1.0678
TXO09 000098                      63,630                65,490            .9715
TXO09 000106                      32,730                32,146           1.0181
TXO09 000584                     152,770               147,101           1.0385
TXO09 000737                      30,160                30,028           1.0043
TXO09 001242                     416,100               317,520           1.3104
TXO09 001279                     532,150               514,753           1.0337
TXO09 010057                     157,300               152,009           1.0348
TXO09 015820                     373,950               364,861           1.0249
TXO09 016270                     949,800               934,709           1.0161
TXO09 016818                     163,950               164,597            .9960
TXO09 023930                     211,550               180,179           1.1741
TXO09 029699                   2,060,980             2,115,769            .9741
TXO09 029984                   1,111,420               956,521           1.1619
TXO09 030028                     502,430               495,036           1.0149



                     Total Self-Reported Mineral Value:          23,561,720

                     Divided by ISD Mineral Ratio:                   1.0356**

                     Estimated PTD Mineral Value:                22,751,757


          ** See Stratified Ratio Detail report for more data