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DATE:   1/22/2004        Comptroller Of Public Accounts             PAGE:      3
TIME: 15:19                  Property Tax Division                   RPT: MIN704
                           2003 Property Value Study
                          Minerals Category Worksheet
                                    137  Kleberg
                                137-903  Riviera

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

PSU137 I9100                     299,892               386,704            .7755
PSU137 J1960                   9,346,099             8,628,029           1.0832
PSU137 J2210                     300,623               560,520            .5363
PSU137 T7100                     684,340               911,849            .7504
PSU137 W16943                  8,554,965             8,588,766            .9960
PSU137 W17744                    462,121               460,351           1.0038
PSU137 W2200                   1,461,727               822,575           1.7770
TXG04 036716                   2,243,457             1,662,011           1.3498
TXG04 053640                   1,917,658             1,916,061           1.0008
TXG04 162080                     227,687               244,974            .9294
TXG04 178211                     984,545             1,088,875            .9041
TXG04 187702                     353,211               332,234           1.0631
TXG04 188674                   4,724,812             4,797,943            .9847
TXG04 188688                   1,469,827               882,450           1.6656
TXG04 191863                   1,050,024             1,092,656            .9609
TXG04 192594                   1,014,277               903,751           1.1222



                     Total Self-Reported Mineral Value:          30,172,519

                     Divided by ISD Mineral Ratio:                   1.0546**

                     Estimated PTD Mineral Value:                28,610,392


          ** See Stratified Ratio Detail report for more data