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DATE:   1/22/2004        Comptroller Of Public Accounts             PAGE:      6
TIME: 14:17                  Property Tax Division                   RPT: MIN704
                           2003 Property Value Study
                          Minerals Category Worksheet
                                    092  Gregg
                                092-907  Spring Hill

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

TXG06 145075                     500,600               509,547            .9824
TXG06 146289                     219,710               226,830            .9686
TXG06 147144                     320,790               322,793            .9937
TXG06 166436                     458,070               461,439            .9926
TXG06 175577                     316,180               312,939           1.0103
TXG06 178990                     640,560               636,703           1.0060
TXG06 182075                     828,370               808,626           1.0244
TXG06 183067                     803,930               812,292            .9897
TXG06 185084                     553,730               559,482            .9897
TXO06E006006                      44,850                44,516           1.0075
TXO06E006960                      61,470                57,829           1.0629
TXO06E007565                      75,390                72,048           1.0463



                     Total Self-Reported Mineral Value:          20,273,530

                     Divided by ISD Mineral Ratio:                    .9997**

                     Estimated PTD Mineral Value:                20,279,614


          ** See Stratified Ratio Detail report for more data