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DATE:   1/22/2004        Comptroller Of Public Accounts             PAGE:      4
TIME: 13:50                  Property Tax Division                   RPT: MIN704
                           2003 Property Value Study
                          Minerals Category Worksheet
                                    067  Eastland
                                067-907  Ranger

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

PSU067     990060                187,320               232,898            .8043
PSU067 16840                      38,560                39,897            .9664
PSU067 25740                      11,040                10,502           1.0512
PSU067 30910                     226,370               217,769           1.0394
PSU067 35460                       8,190                 8,725            .9386
TXG07B100644                     102,860               105,575            .9742
TXG07B118585                     142,800               141,143           1.0117
TXG07B127620                      55,690                55,004           1.0124
TXG07B132045                      65,640                64,992           1.0099
TXG07B148780                     115,280               115,515            .9979
TXG07B178691                       6,110                 6,026           1.0139
TXO07B022752                     102,880               100,416           1.0245



                     Total Self-Reported Mineral Value:           4,949,680

                     Divided by ISD Mineral Ratio:                    .9675**

                     Estimated PTD Mineral Value:                 5,115,948


          ** See Stratified Ratio Detail report for more data