Sable Offshore rises as oil sales begin from California’s Santa Ynez pipeline

Sable Offshore

30/03/2026 13:22

** Shares of oil and gas producer Sable Offshore SOC.N rise 3% to $19.01 premarket

** Company initiates oil sales from its Santa Ynez Pipeline System offshore California to Chevron CVX.N after resuming crude transportation earlier this month

** SOC says the pipeline was filled from Las Flores Canyon to Pentland Station at a rate in excess of 50,000 barrels of oil per day

** Company also plans to commence production restart at Platform Heritage, part of the Santa Ynez Unit, at an expected total rate of over 30,000 gross barrels of oil per day

** SOC expects Platform Hondo to be online by the end of Q2 at a rate in excess of 10,000 barrels of oil per day

** Up till last close, stock up 104.5%

 (Reporting by Pooja Menon in Bengaluru)

 ((Pooja.Menon@thomsonreuters.com;))