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DATE:   1/22/2004        Comptroller Of Public Accounts             PAGE:      2
TIME: 17:21                  Property Tax Division                   RPT: MIN704
                           2003 Property Value Study
                          Minerals Category Worksheet
                                    250  Wood
                                250-902  Hawkins

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

TXG06 031738                   1,179,620             1,190,298            .9910
TXG06 032013                     212,470               231,213            .9189
TXG06 033093                   5,067,360             5,190,617            .9762
TXG06 034766                     141,820                 6,344          22.3549
TXG06 035300                     426,530               434,165            .9824
TXG06 042768                     653,110               651,841           1.0019
TXO06 004886                     120,590               122,521            .9842
TXO06 005444                     179,490               180,756            .9929
TXO06 005743                  96,145,184            99,064,033            .9705
TXO06 005890                     261,810               259,022           1.0107
TXO06 011119                     178,880               173,058           1.0336
TXO06 012436                   3,263,720             3,079,426           1.0598
TXO06 012528                     266,120               256,769           1.0364



                     Total Self-Reported Mineral Value:         108,372,480

                     Divided by ISD Mineral Ratio:                    .9753**

                     Estimated PTD Mineral Value:               111,117,072


          ** See Stratified Ratio Detail report for more data