Meteorological and flux data measured from semiarid watersheds (Lucky Hills and Kendall) during the summer rainy and winter periods were used to study the sensitivity of the those variables used in the estimation of evapotranspiration rates. Relative sensitivity was examined to compare the importance of four meteorological and flux variables (net radiation, wind speed, air temperature, and relative humidity) on Penman potential evapotranspiration (PET) estimation. The study results show that variations in Penman PET rates during the summer rainy period at both watersheds appears to be controlled by air temperature adn net radiation. During the winter period at both watersheds, variations in Penman PET rates appears to be controlled by relative humidity and air temperature.