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DATE:   1/22/2004        Comptroller Of Public Accounts             PAGE:      4
TIME: 14:17                  Property Tax Division                   RPT: MIN704
                           2003 Property Value Study
                          Minerals Category Worksheet
                                    092  Gregg
                                092-904  Pine Tree

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

PSU092 27050                   7,866,080             7,885,301            .9975
PSU092 28510                   3,935,560             3,959,474            .9939
PSU092 91928                   2,142,120             2,180,804            .9822
PSU092 92111                     839,460               844,732            .9937
TXG06 136060                     343,050               328,416           1.0445
TXG06 161175                     165,970               135,197           1.2276
TXG06 183344                   1,925,980             1,892,455           1.0177
TXG06 184266                     234,160               218,202           1.0731
TXG06 185910                   1,163,330             1,085,305           1.0718
TXG06 187408                   2,101,011             2,078,731           1.0107
TXG06 188243                   1,347,680             1,312,350           1.0269
TXO06E007518                     861,740               837,356           1.0291



                     Total Self-Reported Mineral Value:          97,621,910

                     Divided by ISD Mineral Ratio:                   1.0074**

                     Estimated PTD Mineral Value:                96,904,814


          ** See Stratified Ratio Detail report for more data