Oil and Gas Development Plan

I received an Oil and Gas Development Plan submitted by Bison IV Oil and Gas to the Energy and Carbon Management Commission (ECMC) for Section 23 Township 7N Range 63W. It is fairly detailed and outlines what they are planning to do. 16 wells, Eight with for mile laterals, 8 with three mile laterals. Immediately afterward, I received a thick packet Certified Mail from Bison IV. The just of it is Lease to us or be subject to statutory pooling. I have not received any other offers to lease. The work is not anticipated to begin until the second Quarter of 2027. Can I await better offers. they give me sixty days to respond. I’m assuming I can negotiate just like I ordinarily would, correct?