This is a standard “courtesy” letter that is sent out before drilling. I file them, but never reply to them as I do not want my signature floating around out there when I have not signed a lease or pooling. You can either choose to lease or to wait for pooling. If you want to lease, get a good oil and gas attorney to review the draft lease as it will not be in your favor and needs edits. If you lease, you do not want any post production charges-among many of the clauses that need changes. If you only have a small amount of acreage and do not want to get an attorney, then many of us wait for pooling and select the highest royalty at that time. Pooling has some advantages of its own.
0_The Pooling Process in Oklahoma.pdf (340.4 KB)
You cannot really compare lease offers three years apart as the competition is completely different from year to year.