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DATE:   1/22/2004        Comptroller Of Public Accounts             PAGE:      2
TIME: 17:06                  Property Tax Division                   RPT: MIN704
                           2003 Property Value Study
                          Minerals Category Worksheet
                                    235  Victoria
                                235-901  Bloomington

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

TXG02 044114                     135,223               188,761            .7163
TXG02 142816                     399,871               412,108            .9703
TXG02 167018                     567,042               652,418            .8691
TXG02 190719                      34,290                30,871           1.1107
TXG02 192159                     279,002               277,320           1.0060
TXO02 003178                     330,831               342,501            .9659
TXO02 005689                     164,753               142,426           1.1567
TXO02 007268                     215,902               222,807            .9690
TXO02 007684                   1,629,027             1,576,260           1.0334
TXO02 008478                     228,964               203,202           1.1267
TXO02 008509                     630,074               588,151           1.0712
TXO02 008666                   1,049,832             1,061,844            .9886



                     Total Self-Reported Mineral Value:           8,139,890

                     Divided by ISD Mineral Ratio:                    .9941**

                     Estimated PTD Mineral Value:                 8,188,200


          ** See Stratified Ratio Detail report for more data