Are exploration licenses and production leases of shale gas really separate things?
NB’s Oil and Gas Act – 26(3), explains how to change from exploration to production:
A license to search may be converted to a lease in its entirety at the end of the license term, if in the opinion of the Minister, all exploration commitments under the license have been met.
What this means: As long as a company spends the required amount during the phase of exploration, it is guaranteed a production lease. There is no process in between. A license to explore becomes a lease to begin extraction.
Find out whether you live within a lease area with this interactive map: http://geonb.snb.ca/ong/