OIL AND GAS LEASE WITH BLACKBEARD OPERATING, DATED JUNE 1, 2026
PBT Land & Minerals, Inc.
PAID UP OIL AND GAS LEASE
THIS PAID UP OIL AND GAS LEASE is made as of the 1st day of June, 2026 between US Land Guild, LLC whose address is 1751 River Run, Suite 405, Fort Worth, Texas 76107, as Lessor, and BLACKBEARD OPERATING, LLC, 1751 River Run, Suite 405, Fort Worth, Texas 76107, as Lessee. All printed portions of this lease were prepared by the party hereinabove named as Lessee, but all other provisions (including the completion of blank spaces) were prepared jointly by Lessor and Lessee.
1. In consideration of a cash bonus in hand paid and the covenants herein contained, Lessor hereby grants, leases and lets exclusively to Lessee the following described land, subject to the reservation in Paragraph 17, hereinafter called leased premises:
See Attached Exhibit A
It is the intent of Lessor herein to Lease all of that certain interest conveyed to Lessor in that Certain Conveyance and Deed, dated Effective June 1, 2026 and filed at Volume 717, Page 789, of the Official Public Records of Crane County, Texas.
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