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DATE:   1/22/2004        Comptroller Of Public Accounts             PAGE:      2
TIME: 16:39                  Property Tax Division                   RPT: MIN704
                           2003 Property Value Study
                          Minerals Category Worksheet
                                    211  Sherman
                                211-902  Stratford

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

TXG10 027329                     609,140               556,835           1.0939
TXG10 027330                   1,549,180             1,420,339           1.0907
TXG10 027339                     746,900               734,721           1.0165
TXG10 027347                     472,680               257,484           1.8357
TXG10 027350                   1,667,850             1,428,417           1.1676
TXG10 027406                     234,390               209,660           1.1179
TXG10 027485                     131,150               123,527           1.0617
TXG10 027582                     506,070               523,352            .9669
TXG10 027766                     434,950               415,784           1.0460
TXG10 027772                     869,180               737,253           1.1789
TXG10 027773                     326,620               321,886           1.0147
TXG10 027858                   2,058,360             1,841,116           1.1179
TXG10 027866                     465,830               435,405           1.0698
TXG10 028049                     378,600               355,338           1.0654
TXG10 028066                     376,620               241,234           1.5612
TXG10 028079                     898,600               888,442           1.0114
TXG10 028134                     276,760               256,285           1.0798
TXG10 028145                     402,360               403,834            .9963
TXG10 028150                     764,480               764,061           1.0005
TXG10 028189                     635,360               622,666           1.0203
TXG10 028200                      99,130               101,121            .9803
TXG10 137723                   2,490,660             2,475,201           1.0062
TXG10 149734                     520,740               522,806            .9960
TXG10 162615                     992,130               780,258           1.2715
TXG10 164689                     663,260               661,573           1.0025
TXG10 176405                     158,880               151,711           1.0472
TXG10 191274                     117,650               121,989            .9644



                     Total Self-Reported Mineral Value:         106,435,383

                     Divided by ISD Mineral Ratio:                   1.0862**

                     Estimated PTD Mineral Value:                97,988,753


          ** See Stratified Ratio Detail report for more data