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DATE:   1/22/2004        Comptroller Of Public Accounts             PAGE:      4
TIME: 15:30                  Property Tax Division                   RPT: MIN704
                           2003 Property Value Study
                          Minerals Category Worksheet
                                    145  Leon
                                145-907  Oakwood

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

PSU145 30102                      96,150                96,400            .9974
PSU145 30616                     812,357               802,145           1.0127
PSU145 31070                     308,930               318,576            .9697
TXG05 051635                     163,040               133,701           1.2194
TXG05 061296                      50,690                49,771           1.0184
TXG05 124187                     382,250               359,247           1.0640
TXO05 000761                     865,490               904,106            .9572
TXO05 001800                     284,450               306,960            .9266
TXO05 001801                      96,530                99,001            .9750
TXO05 001805                     319,800               311,605           1.0262
TXO05 011843                     645,460               636,949           1.0133
TXO05 012157                     321,320               236,972           1.3559



                     Total Self-Reported Mineral Value:           5,092,320

                     Divided by ISD Mineral Ratio:                   1.0214**

                     Estimated PTD Mineral Value:                 4,985,628


          ** See Stratified Ratio Detail report for more data