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DATE:   1/22/2004        Comptroller Of Public Accounts             PAGE:      1
TIME: 15:19                  Property Tax Division                   RPT: MIN704
                           2003 Property Value Study
                          Minerals Category Worksheet
                                    137  Kleberg
                                137-901  Kingsville

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

PSU137 J2050                  18,987,238            19,335,954            .9819
PSU137 J2610                     824,148             1,099,093            .7498
PSU137 J2710                   9,284,623             7,455,212           1.2453
PSU137 Y9600                   3,171,732             1,791,729           1.7702
TXG04 139769                   1,301,177             1,477,534            .8806
TXO04 009733                     466,957               469,954            .9936
TXO04 012618                   1,018,473             1,015,632           1.0027



                     Total Self-Reported Mineral Value:          35,267,174

                     Divided by ISD Mineral Ratio:                   1.0743**

                     Estimated PTD Mineral Value:                32,828,050


          ** See Stratified Ratio Detail report for more data