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DATE:   1/22/2004        Comptroller Of Public Accounts             PAGE:      2
TIME: 16:52                  Property Tax Division                   RPT: MIN704
                           2003 Property Value Study
                          Minerals Category Worksheet
                                    224  Throckmorton
                                224-902  Woodson

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

PSU224 100627                    507,690               491,865           1.0321
TXO07B010487                     119,600               122,109            .9794
TXO07B018274                      16,890                27,374            .6170
TXO07B023861                      30,550                28,315           1.0789
TXO07B024451                      34,680                34,051           1.0184
TXO07B025187                     282,450               274,744           1.0280
TXO07B027301                     291,520               233,012           1.2510
TXO07B028633                     471,530               475,193            .9922
TXO07B028915                   2,068,250             1,801,123           1.1483
TXO07B028936                     225,580               215,626           1.0461
TXO07B028962                   3,071,309             3,155,171            .9734
TXO07B029078                     486,130               481,065           1.0105
TXO09 029889                     505,490               518,434            .9750



                     Total Self-Reported Mineral Value:          11,451,430

                     Divided by ISD Mineral Ratio:                   1.0435**

                     Estimated PTD Mineral Value:                10,974,058


          ** See Stratified Ratio Detail report for more data