Latest Sable Offshore Corp. News & Updates

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Sable Offshore Corp.

Independent offshore oil and gas exploration and production company

sableoffshore.com

Headquarters: Houston, United States
Founded year: 2024
Company type: Public company
Number of employees: 100–200
Industry: Oil & Gas Exploration and Production

Last updated Today

Latest news about Sable Offshore Corp.

In short: Sable Offshore Corp. restarted oil production off the California coast, secured major refinancing, and navigated ongoing legal battles.

Company announcements

August 10 Sable Offshore Corp.

Sable Offshore Corp. reports second quarter 2026 financial and operational results

Revenue reached $137.1M with positive operating cash flow, production ramping up, refinancing completed, and hedging program initiated.

June 30 Sable Offshore Corp.

Sable Offshore Corp. proposes $100M stock and $300M notes

The notes are convertible senior notes due 2031, with proceeds to repay Exxon Mobil loan and for general corporate purposes.

June 22 Sable Offshore Corp.

Sable Offshore Corp. amends loan and waives PSA security

The amendment extends the maturity date to July 24, 2026, and includes a $30 million fee. The waiver temporarily suspends P&A financial security obligations until 2028.

March 30 Sable Offshore Corp.

Sable Offshore Corp. commences oil sales from Santa Ynez

Deliveries to Chevron; pipeline filled at 50,000 bpd, Harmony producing 22,000 bpd, Heritage restart upcoming.

Media coverage

September 3 Department of Justice

Office of Public Affairs | Federal Court Dismisses Another Attempt to Stymie Sable Offshore Corporation’s Oil and Gas Operations | United States Department of Justice

On Monday, the U.S. District Court for the Central District of California dismissed with prejudice the complaint in Center for Biological Diversity v. Burgum ...

September 1 Bloomberg Government

Sable’s Drilling Restart Doesn’t Warrant New Review, Judge Says

Environmental groups failed to block the drilling authorization at one of Sable Offshore Corp.'s platforms after a federal ...

August 24 Market Inference

Federal Judge Grants Sable Offshore Key Win in Oil Pipeline Restart Battle

A federal judge on Aug. 19 granted Sable Offshore Corp. a key win in its effort to restart two long-idled California oil pipelines, while also...

August 19 Reuters

Sable Offshore fined $1.45 million, allowed to continue pipeline operations

Sable Offshore said on Monday a U.S. judge fined the oil and gas producer $1.45 million for violating a pipeline consent decree, but ‌declined California's...

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