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DATE:   1/22/2004        Comptroller Of Public Accounts             PAGE:      1
TIME: 15:20                  Property Tax Division                   RPT: MIN704
                           2003 Property Value Study
                          Minerals Category Worksheet
                                    138  Knox
                                138-902  Knox City-O'Brien CISD

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

PSU138 10020                     115,340               101,430           1.1371
PSU138 800                     1,077,350             1,029,805           1.0461
TXO07B002087                   1,011,960               940,717           1.0757
TXO07B011860                     178,160               134,130           1.3282
TXO07B024527                      76,260               103,496            .7368
TXO07B024607                     175,380                73,116           2.3986
TXO07B024760                      46,840                34,822           1.3451
TXO07B026707                   2,104,980             1,894,727           1.1109
TXO09 009795                   1,648,260             1,802,219            .9145
TXO09 017972                     603,440               652,032            .9254
TXO09 021632                     122,270               104,864           1.1659
TXO09 028174                     685,540               702,489            .9758
TXO09 028176                      52,240                70,106            .7451
TXO09 029901                   2,477,080             2,400,345           1.0319



                     Total Self-Reported Mineral Value:          12,189,240

                     Divided by ISD Mineral Ratio:                   1.0329**

                     Estimated PTD Mineral Value:                11,800,988


          ** See Stratified Ratio Detail report for more data