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DATE:   1/22/2004        Comptroller Of Public Accounts             PAGE:      1
TIME: 15:45                  Property Tax Division                   RPT: MIN704
                           2003 Property Value Study
                          Minerals Category Worksheet
                                    155  Marion
                                155-901  Jefferson

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

PSU155 16600                   3,602,310             3,652,466            .9862
PSU155 21600                   1,012,210             1,005,372           1.0068
PSU155 26400                   1,850,170             1,898,632            .9744
PSU155 6800                    3,601,360             3,510,621           1.0258
PSU155 80073                      85,840                84,843           1.0117
PSU155 80255                   1,108,500             1,096,975           1.0105
TXG06 117036                     212,840               212,231           1.0028
TXG06 185780                   2,871,980             2,979,532            .9639
TXG06 187632                   1,697,640             1,674,616           1.0137
TXG06 190526                   1,994,030             1,961,229           1.0167
TXG06 191694                   2,074,520             2,031,293           1.0212
TXO06 004956                      78,600                74,754           1.0514



                     Total Self-Reported Mineral Value:          28,812,130

                     Divided by ISD Mineral Ratio:                   1.0004**

                     Estimated PTD Mineral Value:                28,800,610


          ** See Stratified Ratio Detail report for more data