It doesn't seem it will have much impact, according to experts, I.e.:
"LSU professor David Dismukes, an energy sector economist, said he expects nothing of real significance to come out of Biden’s decision.
Most of the crude oil extracted in the U.S. comes from the Permian Basin, a vast area spanning western Texas and southeastern New Mexico. Only about 15% comes from offshore drilling in federal waters, and that is overwhelmingly concentrated in the western and central Gulf of Mexico, according to the U.S. Energy Information Administration.
“It’d take decades to get the eastern [Gulf of Mexico] and Atlantic and parts of Alaska into position for drilling, particularly anything remotely like what we see in the central and western [Gulf of Mexico],” Dismukes said.
Restricting areas from future development is not good for long-term resource availability, Dismukes said, adding that he doesn’t see Biden’s new restrictions being a big negative."
Biden order expands Trump’s offshore drilling ban from 2020
Analyst says ban will have little effect on oil and gas industry
https://lailluminator.com/2025/01/07/biden-order-expands-trumps-offshore-drilling-ban-from-2020/