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DATE:   1/22/2004        Comptroller Of Public Accounts             PAGE:      1
TIME: 14:00                  Property Tax Division                   RPT: MIN704
                           2003 Property Value Study
                          Minerals Category Worksheet
                                    075  Fayette
                                075-901  Flatonia

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

TXG03 188252                      79,720                88,748            .8982
TXO03 016470                     189,550               191,945            .9875
TXO03 016503                      52,160                45,513           1.1460
TXO03 018656                     171,320               189,396            .9045
TXO03 019649                      53,610                58,642            .9141
TXO03 019819                      17,410                 9,771           1.7818
TXO03 020618                      14,810                11,638           1.2725
TXO03 020669                     114,130               112,147           1.0176
TXO03 021530                     124,190               124,610            .9966
TXO03 022041                      26,530                26,778            .9907
TXO03 022525                     182,270               168,955           1.0788
TXO03 023992                   2,218,660             2,198,515           1.0091
TXO03 024089                     336,190               330,732           1.0165



                     Total Self-Reported Mineral Value:           5,801,570

                     Divided by ISD Mineral Ratio:                   1.0049**

                     Estimated PTD Mineral Value:                 5,773,281


          ** See Stratified Ratio Detail report for more data