Sable Offshore Corp. Announces Commencement of Oil Sales from Santa Ynez Pipeline System

HOUSTON, March 30, 2026 – Sable Offshore Corp. (“Sable Offshore” or the “Company”) has announced a significant operational milestone with the commencement of oil sales from the Santa Ynez Unit (SYU) through the Santa Ynez Pipeline System as of March 29, 2026. This development marks the first sale of oil from the SYU via the pipeline system since prior operational disruptions, and represents a pivotal step in the Company’s efforts to fully reactivate its offshore production assets.

Key Points for Investors

Oil Sales Commence from SYU: Sable Offshore has officially restarted sales of oil produced at the Santa Ynez Unit, utilizing the Santa Ynez Pipeline System. This event is a major milestone for the Company as it works to restore full production at its offshore assets.
Potential Impact on Revenue and Cash Flow: The first sales through the pipeline system are expected to have a direct positive impact on the Company’s revenue and cash flow, as Sable transitions from care and maintenance to active production and sales.
Pathway to Full Production: While this initial oil sale is significant, Sable Offshore notes that the ability to recommence full production of the SYU assets will depend on multiple factors, including the cost and time required for full reactivation, as well as future production levels once the assets are fully online.
Regulatory and Operational Risks: The Company highlights several forward-looking risk factors that could materially affect future results, including operational challenges, availability of financing, inflation, supply chain and personnel shortages, environmental and regulatory risks, and potential litigation or adverse publicity.
Listed on NYSE: Sable Offshore’s common stock (trading symbol: SOC) is listed on the New York Stock Exchange. The announcement may be price-sensitive and could impact the Company’s share value depending on investor expectations regarding future production and financial performance.

Important Information for Shareholders

Price Sensitivity: The resumption of oil sales is likely to be viewed as a positive catalyst by the market, given the transition from non-revenue status to active operations. Investors should monitor future announcements regarding the timeline and costs for full production resumption, as well as any updates on regulatory or operational challenges.
Forward-Looking Statements: Sable Offshore’s management emphasizes that statements regarding future operations, production levels, financial performance, and other projections are forward-looking and subject to significant risks and uncertainties. Actual results may differ materially from current expectations.
No Obligation to Update: The Company does not undertake any obligation to update its forward-looking statements except as required by applicable law.
Contact Information: For investor inquiries, contact Harrison Breaud, Vice President, Finance & Investor Relations, at [email protected] or 713-579-8111.

Additional Details

Company Background: Sable Offshore Corp. is a Houston-based company, formerly known as Flame Acquisition Corp., engaged in the production of crude petroleum and natural gas. The Company’s main business address is 845 Texas Avenue, Suite 2920, Houston, TX 77002.
Regulatory Status: The Company is not classified as an “emerging growth company” under SEC rules, and its shares are registered under the Securities Exchange Act of 1934.
Exhibit Available: The full press release regarding the commencement of oil sales is included as Exhibit 99.1 in the SEC Form 8-K filing.

Disclaimer: This article is for informational purposes only and is not intended as investment advice. The information includes forward-looking statements that are subject to risks and uncertainties. Actual outcomes may differ materially from those discussed. Investors should review Sable Offshore’s filings with the Securities and Exchange Commission and consult with their financial advisors before making any investment decisions. Sable Offshore Corp. undertakes no obligation to update the information contained in this article except as required by law.

Sable Offshore Corp. Announces Commencement of Oil Sales from Santa Ynez Pipeline System