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DATE:   1/22/2004        Comptroller Of Public Accounts             PAGE:      5
TIME: 17:11                  Property Tax Division                   RPT: MIN704
                           2003 Property Value Study
                          Minerals Category Worksheet
                                    241  Wharton
                                241-906  Louise

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

TXG03 176608                   2,250,574             2,259,470            .9960
TXG03 177361                   5,877,561             5,960,435            .9860
TXG03 178837                   1,644,709             1,719,062            .9567
TXG03 181998                     105,130               134,808            .7798
TXG03 182265                   1,077,593             1,108,234            .9723
TXG03 184914                     211,019               212,440            .9933
TXG03 187706                   1,117,739             1,145,043            .9761
TXG03 189321                     669,192               738,516            .9061
TXG03 190147                   2,808,205             2,803,085           1.0018
TXG03 190563                   7,368,593             7,293,334           1.0103
TXG03 191567                   5,764,213             5,865,425            .9827
TXG03 192273                     931,324               928,513           1.0030
TXO03 007494                     150,685               155,624            .9682
TXO03 024284                   1,434,144             1,389,083           1.0324



                     Total Self-Reported Mineral Value:          35,465,220

                     Divided by ISD Mineral Ratio:                    .9898**

                     Estimated PTD Mineral Value:                35,830,693


          ** See Stratified Ratio Detail report for more data