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DATE:   1/22/2004        Comptroller Of Public Accounts             PAGE:      5
TIME: 15:07                  Property Tax Division                   RPT: MIN704
                           2003 Property Value Study
                          Minerals Category Worksheet
                                    128  Karnes
                                128-904  Falls City

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

TXG02 033376                     822,916               875,614            .9398
TXG02 033542                     341,724               334,819           1.0206
TXG02 127175                     190,235               194,789            .9766
TXG02 130286                     203,597               212,106            .9598
TXO01 006857                     232,483               277,878            .8366
TXO02 005365                     272,769               172,600           1.5803
TXO02 005366                      40,704                43,159            .9431
TXO02 005372                     159,272               176,134            .9042
TXO02 005951                     106,502               101,555           1.0487
TXO02 006646                      79,138                83,742            .9450
TXO02 006676                     336,431               182,369           1.8447
TXO02 006787                     241,611               231,691           1.0428
TXO02 007372                      28,889                29,292            .9862



                     Total Self-Reported Mineral Value:           3,619,192

                     Divided by ISD Mineral Ratio:                   1.0552**

                     Estimated PTD Mineral Value:                 3,429,864


          ** See Stratified Ratio Detail report for more data