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DATE:   1/22/2004        Comptroller Of Public Accounts             PAGE:      2
TIME: 13:14                  Property Tax Division                   RPT: MIN704
                           2003 Property Value Study
                          Minerals Category Worksheet
                                    036  Chambers
                                036-902  Barbers Hill

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

PSU036     993300                152,070               238,701            .6370
PSU036 3610                    1,641,870             1,554,206           1.0564
PSU036 4110                    1,060,170             1,021,977           1.0373
TXG03 148811                   1,527,570             1,549,929            .9855
TXG03 167542                     214,630               231,256            .9281
TXG03 172916                     129,120               115,311           1.1197
TXG03 185396                   7,904,160             8,102,773            .9754
TXG03 191453                  17,557,040            13,806,991           1.2716
TXO03 000142                      98,270                73,378           1.3392
TXO03 009839                     447,220               542,578            .8242
TXO03 023102                     161,540               187,287            .8625
TXO03 023530                     599,530               624,660            .9597
TXO03 024177                   4,197,350             4,150,730           1.0112



                     Total Self-Reported Mineral Value:          32,346,340

                     Divided by ISD Mineral Ratio:                   1.1084**

                     Estimated PTD Mineral Value:                29,182,912


          ** See Stratified Ratio Detail report for more data