The Biden administration announced a new oil and gas leasing rule proposal Thursday that threatens to further hamstring the American energy industry.

The minimum required lease bond that developers must pay would jump from $10,000 to $150,000, and the required statewide bond would spike from $25,000 to $500,000, according to the rule proposal. The rule would also raise the minimum royalty fees that developers have to pay from 12.5% to 16.67%.