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DATE:   1/22/2004        Comptroller Of Public Accounts             PAGE:      1
TIME: 13:32                  Property Tax Division                   RPT: MIN704
                           2003 Property Value Study
                          Minerals Category Worksheet
                                    052  Crane
                                052-901  Crane

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

PSU052 4930                    8,254,190             7,337,353           1.1249
PSU052 5110                    1,756,620             1,578,257           1.1130
PSU052 7180                  130,187,620           130,678,627            .9962
PSU052 7650                    2,512,790             2,558,700            .9820
PSU052 7670                   31,235,920            31,999,406            .9761
TXO08 004161                  55,844,143            55,799,829           1.0007
TXO08 005263                  35,041,960            29,106,641           1.2039
TXO08 005294                  37,873,360            36,519,726           1.0370
TXO08 007155                   7,693,210             7,182,938           1.0710
TXO08 020377                  51,670,483            42,744,069           1.2088
TXO08 020582                  13,116,310            14,573,399            .9000
TXO08 036305                  16,517,713            16,396,550           1.0073
TXO08 036883                     331,070               350,506            .9445



                     Total Self-Reported Mineral Value:         628,156,300

                     Divided by ISD Mineral Ratio:                   1.0404**

                     Estimated PTD Mineral Value:               603,764,225


          ** See Stratified Ratio Detail report for more data