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DATE:   1/22/2004        Comptroller Of Public Accounts             PAGE:      1
TIME: 14:18                  Property Tax Division                   RPT: MIN704
                           2003 Property Value Study
                          Minerals Category Worksheet
                                    093  Grimes
                                093-901  Anderson-Shiro CISD

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

TXG03 156481                   1,211,512             1,154,308           1.0495
TXG03 157733                     129,008               155,775            .8281
TXG03 160552                     406,910               404,894           1.0049
TXG03 163801                   1,365,710             1,317,383           1.0366
TXG03 165189                     269,069               289,124            .9306
TXG03 168000                     938,736               949,792            .9883
TXG03 168929                   1,885,507             1,956,378            .9637
TXG03 170353                   1,227,377               828,829           1.4808
TXG03 171930                   1,335,533             1,574,180            .8483
TXG03 175276                     458,589               452,332           1.0138
TXG03 191472                   1,503,069             1,279,698           1.1745
TXG03 191566                     450,039               231,772           1.9417
TXG03 192710                   1,258,852             1,175,746           1.0706
TXO03 023804                     114,126               108,390           1.0529



                     Total Self-Reported Mineral Value:          23,563,770

                     Divided by ISD Mineral Ratio:                   1.0569**

                     Estimated PTD Mineral Value:                22,295,175


          ** See Stratified Ratio Detail report for more data