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DATE:   1/22/2004        Comptroller Of Public Accounts             PAGE:      2
TIME: 15:41                  Property Tax Division                   RPT: MIN704
                           2003 Property Value Study
                          Minerals Category Worksheet
                                    152  Lubbock
                                152-902  New Deal

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

TXO08A062576                     916,474               959,185            .9554
TXO08A062577                   1,249,810               626,764           1.9940
TXO08A062590                   3,898,177             3,905,967            .9980
TXO08A062776                     148,536               215,734            .6885
TXO08A063739                      96,580                96,181           1.0041
TXO08A064005                     323,335               322,635           1.0021
TXO08A064181                     177,976               192,278            .9256
TXO08A064576                     857,400               889,787            .9636
TXO08A064578                     121,919               118,996           1.0245
TXO08A064870                      97,131                94,865           1.0238
TXO08A065322                     288,622               286,149           1.0086



                     Total Self-Reported Mineral Value:           9,185,500

                     Divided by ISD Mineral Ratio:                   1.0674**

                     Estimated PTD Mineral Value:                 8,605,490


          ** See Stratified Ratio Detail report for more data