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DATE:   1/22/2004        Comptroller Of Public Accounts             PAGE:      1
TIME: 15:30                  Property Tax Division                   RPT: MIN704
                           2003 Property Value Study
                          Minerals Category Worksheet
                                    145  Leon
                                145-901  Buffalo

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

TXG05 033616                      60,848                63,849            .9529
TXG05 034303                      38,831                46,148            .8414
TXG05 087570                   1,921,490             1,969,622            .9755
TXG05 144857                     154,100               159,728            .9647
TXG05 147899                     162,250               164,132            .9885
TXG05 170581                     335,210               313,092           1.0706
TXG05 174209                     143,140               131,175           1.0912
TXG05 176129                     100,449               107,059            .9382
TXG05 177548                      25,010                25,516            .9801
TXG05 179178                      84,512                83,429           1.0129
TXG05 186459                     259,200               253,737           1.0215
TXO05 003413                     131,790               125,167           1.0529
TXO05 003577                     334,510               435,806            .7675



                     Total Self-Reported Mineral Value:          13,510,920

                     Divided by ISD Mineral Ratio:                    .9684**

                     Estimated PTD Mineral Value:                13,951,797


          ** See Stratified Ratio Detail report for more data