Sable Offshore Corp

Sable Offshore has made substantial progress in restarting operations at the Santa Ynez Unit, an offshore asset acquired from Exxon that had been offline since a pipeline spill. The California Coastal Commission has retreated from its previous attempts to exert unjust authority over Sable, who is now pursuing $268 million in damages for lost revenue. As of May 18th, Sable has completed all required repairs, and production has resumed from six wells. Management expects oil sales to begin in July and has revised its 2025 guidance, doubling projected daily production while lowering lease operating expenses.

Sable Offshore has made substantial progress in restarting operations at the Santa Ynez Unit, which had been offline due to a pipeline spill. The California Coastal Commission has retreated from its previous attempts to exert authority over Sable, allowing the company to pursue $268 million in damages for lost revenue. As of May 18th, Sable has completed all required repairs and production has resumed from six wells. Management has revised its 2025 guidance, doubling projected daily production while lowering lease operating expenses, indicating strong operational momentum and growth potential.

Sable Offshore has made substantial progress in restarting operations at the Santa Ynez Unit, which had been offline due to a pipeline spill. The California Coastal Commission has retreated from its previous attempts to exert authority over Sable, allowing the company to pursue $268 million in damages for lost revenue. As of May 18th, Sable has completed all required repairs and production has resumed from six wells. Management has revised its 2025 guidance, doubling projected daily production while lowering lease operating expenses, indicating strong operational momentum and growth potential.