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DATE:   1/22/2004        Comptroller Of Public Accounts             PAGE:      1
TIME: 16:43                  Property Tax Division                   RPT: MIN704
                           2003 Property Value Study
                          Minerals Category Worksheet
                                    218  Sutton
                                218-901  Sonora

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

PSU218 C9475                   1,120,310             1,151,443            .9729
PSU218 I2157                     273,750               228,133           1.1999
PSU218 I9575                   1,613,570             1,593,711           1.0124
PSU218 K3061                     424,660               416,943           1.0185
PSU218 K3160                   1,629,190             1,631,787            .9984
PSU218 K3213                     314,910               302,822           1.0399
PSU218 L3450                     999,970               994,886           1.0051
PSU218 L4100                     797,850               779,363           1.0237
PSU218 L4140                     986,800               992,901            .9938
PSU218 N3510                   3,372,230             3,643,457            .9255
PSU218 O3882                   2,335,060             2,174,803           1.0736
PSU218 U1286                     184,930               187,726            .9851
PSU218 V1086                     443,260               415,210           1.0675
TXG07C015289                     217,250               208,234           1.0432
TXG07C109614                     223,900               224,549            .9971



                     Total Self-Reported Mineral Value:         330,158,190

                     Divided by ISD Mineral Ratio:                    .9994**

                     Estimated PTD Mineral Value:               330,356,404


          ** See Stratified Ratio Detail report for more data