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DATE:   1/22/2004        Comptroller Of Public Accounts             PAGE:      4
TIME: 15:07                  Property Tax Division                   RPT: MIN704
                           2003 Property Value Study
                          Minerals Category Worksheet
                                    128  Karnes
                                128-903  Runge

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

TXG02 022970                     241,227               246,750            .9776
TXG02 092924                   2,320,604             2,381,830            .9742
TXG02 106003                   1,501,838             1,537,089            .9770
TXG02 128113                     292,765               290,885           1.0064
TXG02 149249                     638,813             1,055,702            .6051
TXG02 161130                     290,291               304,603            .9530
TXG02 162278                     277,125               271,914           1.0191
TXG02 168731                     373,655               375,186            .9959
TXG02 169128                     200,014               202,016            .9900
TXG02 188384                   4,978,545             5,039,438            .9879
TXG02 188518                   1,002,924             1,053,017            .9524
TXG02 192052                   1,081,801             1,072,325           1.0088
TXG02 192220                  13,664,942            13,220,634           1.0336



                     Total Self-Reported Mineral Value:          27,924,187

                     Divided by ISD Mineral Ratio:                    .9916**

                     Estimated PTD Mineral Value:                28,160,737


          ** See Stratified Ratio Detail report for more data