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DATE:   1/22/2004        Comptroller Of Public Accounts             PAGE:      3
TIME: 13:14                  Property Tax Division                   RPT: MIN704
                           2003 Property Value Study
                          Minerals Category Worksheet
                                    036  Chambers
                                036-903  East Chambers

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

PSU036 10154                      60,680                74,568            .8137
PSU036 10170                     356,160               351,078           1.0144
PSU036 1545                      278,050               264,112           1.0527
TXG03 079148                  11,185,110            15,207,591            .7354
TXG03 168986                     161,980               160,130           1.0115
TXG03 169375                     972,350               919,777           1.0571
TXG03 183004                     380,660               372,861           1.0209
TXG03 189814                  16,073,570            16,917,727            .9501
TXO03 001540                   2,563,600             2,569,896            .9975
TXO03 009309                     937,370               977,169            .9592
TXO03 011842                      65,160                69,721            .9345
TXO03 018505                     102,120               115,769            .8821
TXO03 019165                      91,890               117,626            .7812
TXO03 023750                     115,520               113,730           1.0157
TXO03 023915                     255,460               227,617           1.1223
TXO03 024156                  16,439,690            16,561,806            .9926



                     Total Self-Reported Mineral Value:          50,687,730

                     Divided by ISD Mineral Ratio:                    .9105**

                     Estimated PTD Mineral Value:                55,670,214


          ** See Stratified Ratio Detail report for more data