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DATE:   1/22/2004        Comptroller Of Public Accounts             PAGE:      4
TIME: 17:21                  Property Tax Division                   RPT: MIN704
                           2003 Property Value Study
                          Minerals Category Worksheet
                                    250  Wood
                                250-904  Quitman

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

TXG06 167540                     234,960               227,628           1.0322
TXO06 000225                   6,051,210             6,211,537            .9741
TXO06 000226                   4,319,410             4,265,124           1.0127
TXO06 000228                   7,866,840             6,973,224           1.1281
TXO06 000231                   3,033,690             3,098,405            .9791
TXO06 001335                   1,210,230             1,175,257           1.0297
TXO06 001337                   1,409,210             1,284,192           1.0973
TXO06 012179                   2,831,078             2,762,684           1.0247
TXO06 012912                     597,860               589,592           1.0140
TXO06 013817                     200,870               195,265           1.0287
TXO06 013978                     363,420               326,620           1.1126



                     Total Self-Reported Mineral Value:          51,281,400

                     Divided by ISD Mineral Ratio:                   1.0372**

                     Estimated PTD Mineral Value:                49,442,152


          ** See Stratified Ratio Detail report for more data