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DATE:   1/22/2004        Comptroller Of Public Accounts             PAGE:     10
TIME: 16:13                  Property Tax Division                   RPT: MIN704
                           2003 Property Value Study
                          Minerals Category Worksheet
                                    178  Nueces
                                178-913  Banquete

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

PSU178 A9300                   3,463,391             4,061,255            .8527
PSU178 B3800                     272,282               243,823           1.1167
PSU178 B9490                   4,621,964             4,825,632            .9577
PSU178 D7040                   1,054,379             1,227,594            .8588
PSU178 K4500                   1,861,218             1,885,444            .9871
PSU178 K7700                     222,184               198,257           1.1206
PSU178 N9500                   5,179,937             5,583,470            .9277
PSU178 O8640                     771,050               899,215            .8574
PSU178 Q5160                   5,562,057             5,404,809           1.0290
PSU178 W8370                     323,311               327,097            .9884
PSU178 Y1160                   6,800,325             7,094,811            .9584
TXG04 077742                     346,044               404,755            .8549
TXG04 110951                     284,509               321,398            .8852
TXG04 173536                     244,907               248,338            .9861
TXG04 178026                     957,800             1,023,700            .9356
TXG04 179053                     387,589               433,954            .8931
TXG04 183854                     944,506             1,002,403            .9422
TXG04 184651                     410,939               442,468            .9287



                     Total Self-Reported Mineral Value:          52,533,860

                     Divided by ISD Mineral Ratio:                    .9461**

                     Estimated PTD Mineral Value:                55,526,752


          ** See Stratified Ratio Detail report for more data