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Sable Offshore ( (SOC) ) just unveiled an update.
On May 19, 2025, Sable Offshore Corp. announced the restart of oil production at the Santa Ynez Unit and anticipated oil sales from the Las Flores Pipeline System in July 2025. The company has successfully completed repairs on the Las Flores Pipeline System, and initial production from Platform Harmony has begun at a rate of approximately 6,000 barrels of oil per day. This marks a significant milestone for Sable Offshore, as the Santa Ynez Unit had been dormant since 2015. The company plans to expand production from additional wells in the coming months, aiming to enhance energy security for California.
The most recent analyst rating on (SOC) stock is a Buy with a $30.00 price target. To see the full list of analyst forecasts on Sable Offshore stock, see the SOC Stock Forecast page.
More about Sable Offshore
Sable Offshore Corp. is an independent oil and gas company based in Houston, Texas, with a focus on responsibly developing the Santa Ynez Unit in federal waters offshore California. The company has extensive experience in safely operating in California’s oil and gas industry.
Average Trading Volume: 1,609,100
Technical Sentiment Signal: Buy
Current Market Cap: $2.58B
For an in-depth examination of SOC stock, go to TipRanks’ Stock Analysis page.