Exhibit 21.1

 

Subsidiaries of PBT Land and Minerals, Inc.

 

The following table lists the subsidiaries of PBT Land and Minerals, Inc. after giving effect to the Business Combination.

 

Name

  Jurisdiction of Organization
     
PBT Sub, Inc.   Texas
PBT Land and Minerals OpCo, LLC   Texas
PBT Land and Minerals FinCo, LLC   Texas
Pirate Fee MineralCo, LLC   Texas
USLG ExchangeCo, LLC   Texas
US Land Guild, LLC   Delaware