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DATE:   1/22/2004        Comptroller Of Public Accounts             PAGE:      2
TIME: 15:19                  Property Tax Division                   RPT: MIN704
                           2003 Property Value Study
                          Minerals Category Worksheet
                                    137  Kleberg
                                137-902  Ricardo

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

PSU137 W17397                 11,253,026            12,725,983            .8842
PSU137 W17697                 45,373,636            45,866,188            .9892
PSU137 W17698                  7,258,469             8,271,141            .8775
TXG04 188525                   5,500,189             5,583,294            .9851



                     Total Self-Reported Mineral Value:          69,430,180

                     Divided by ISD Mineral Ratio:                    .9578**

                     Estimated PTD Mineral Value:                72,489,225


          ** See Stratified Ratio Detail report for more data