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DATE:   1/22/2004        Comptroller Of Public Accounts             PAGE:      1
TIME: 17:20                  Property Tax Division                   RPT: MIN704
                           2003 Property Value Study
                          Minerals Category Worksheet
                                    249  Wise
                                249-901  Alvord

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

TXG09 073168                      24,080                24,619            .9781
TXG09 074102                      68,140                59,529           1.1446
TXG09 110073                      11,720                 9,881           1.1861
TXG09 146108                      82,990                83,983            .9881
TXG09 168789                      11,540                10,784           1.0701
TXO09 010652                     106,120               103,133           1.0289
TXO09 016204                      91,903                65,633           1.4002
TXO09 018644                     111,050                90,874           1.2220
TXO09 019537                     195,860               197,255            .9929
TXO09 022990                     104,740                88,253           1.1868
TXO09 026598                     285,070               264,818           1.0764
TXO09 029978                     218,210               212,997           1.0244



                     Total Self-Reported Mineral Value:           8,848,610

                     Divided by ISD Mineral Ratio:                   1.0822**

                     Estimated PTD Mineral Value:                 8,176,502


          ** See Stratified Ratio Detail report for more data