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DATE:   1/22/2004        Comptroller Of Public Accounts             PAGE:      5
TIME: 15:33                  Property Tax Division                   RPT: MIN704
                           2003 Property Value Study
                          Minerals Category Worksheet
                                    146  Liberty
                                146-905  Hull-Daisetta

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

TXG03 177513                   2,457,558             1,750,706           1.4037
TXG03 185400                   6,848,865             6,885,691            .9946
TXG03 187967                   1,660,784             1,598,059           1.0392
TXG03 188956                   4,942,936             4,955,321            .9975
TXG03 190080                   3,069,073             3,301,362            .9296
TXO03 002260                   2,124,434             2,180,939            .9740
TXO03 002270                   2,231,619             2,248,769            .9923
TXO03 002271                     970,153               823,129           1.1786
TXO03 002281                     701,281               723,304            .9695
TXO03 002287                     528,112               526,035           1.0039
TXO03 002322                   2,366,580             2,456,529            .9633
TXO03 006460                     240,508               229,773           1.0467
TXO03 024304                   3,376,097             3,403,227            .9920



                     Total Self-Reported Mineral Value:          39,801,260

                     Divided by ISD Mineral Ratio:                   1.0140**

                     Estimated PTD Mineral Value:                39,251,736


          ** See Stratified Ratio Detail report for more data