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DATE:   1/22/2004        Comptroller Of Public Accounts             PAGE:      3
TIME: 12:43                  Property Tax Division                   RPT: MIN704
                           2003 Property Value Study
                          Minerals Category Worksheet
                                    008  Austin
                                008-903  Brazos

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

PSU008 1231                    1,852,090             1,822,759           1.0160
PSU008 600336                 11,332,770            12,567,689            .9017
PSU008 600406                  4,829,490             4,880,895            .9894
PSU008 600410                 11,570,460            11,590,119            .9983
PSU008 600444                  6,185,140             6,312,392            .9798
PSU008 600450                 19,323,750            18,992,559           1.0174
PSU008 600476                  1,458,640             1,311,737           1.1119
TXG03 118957                  11,930,700            11,179,248           1.0672
TXG03 126338                   3,982,830             4,351,973            .9151
TXG03 132837                   1,385,530             1,291,084           1.0731
TXG03 146060                   3,790,740             4,066,235            .9322
TXG03 149672                   8,161,890             8,174,658            .9984
TXG03 157202                   2,334,570             2,541,465            .9185
TXG03 157503                   2,479,490             2,426,475           1.0218
TXG03 175901                  12,826,530            12,765,887           1.0047
TXG03 185821                   5,381,380             5,521,309            .9746
TXG03 188486                   3,058,780             2,988,370           1.0235
TXG03 189099                   2,128,510             2,034,996           1.0459
TXO03 020751                     752,780               731,863           1.0285



                     Total Self-Reported Mineral Value:         120,065,590

                     Divided by ISD Mineral Ratio:                    .9932**

                     Estimated PTD Mineral Value:               120,887,626


          ** See Stratified Ratio Detail report for more data