Pantheon Resources Plc (PTHRF)

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In his order, Cain wrote that using such a metric in oil and gas lease reviews would “artificially increase the cost estimates of lease sales,” which would directly impact states receiving bids and production royalties through energy production.

“The President lacks power to promulgate fundamentally transformative legislative rules in areas of vast political, social, and economic importance,” Cain wrote in the injunction.

The judge also wrote that the president didn’t have the authority to make a change to the figure through executive order and violated federal law by implementing new rules without getting public comment.
https://www.cnbc.com/2022/02/24/biden-administration-pausing-new-oil-and-gas-leases-amid-legal-battle-.html

MUCH HIGHER COSTS MAKE MUCH LOWER BIDDING