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DATE:   1/22/2004        Comptroller Of Public Accounts             PAGE:      7
TIME: 17:21                  Property Tax Division                   RPT: MIN704
                           2003 Property Value Study
                          Minerals Category Worksheet
                                    250  Wood
                                250-907  Winnsboro

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

TXG06 047259                   8,642,430             9,582,828            .9018
TXG06 090863                     231,130               213,993           1.0800
TXG06 093299                     317,730               310,649           1.0227
TXG06 110901                      58,140                58,715            .9902
TXG06 126777                     254,570               175,492           1.4506
TXO06 000238                   1,245,100             1,247,404            .9981
TXO06 004103                      58,510                68,373            .8557
TXO06 004886                      54,180                55,047            .9842
TXO06 005880                     329,830               294,522           1.1198
TXO06 012923                     462,750               451,577           1.0247
TXO06 012941                     528,710               498,636           1.0603
TXO06 013068                     402,030               380,760           1.0558
TXO06 013099                     225,930               222,454           1.0156



                     Total Self-Reported Mineral Value:          14,550,080

                     Divided by ISD Mineral Ratio:                    .9560**

                     Estimated PTD Mineral Value:                15,219,749


          ** See Stratified Ratio Detail report for more data