Get Instant Newsletter Alerts to your Mobile Device and Email as soon as the News or Alerts hit the wire.
Sable Offshore Corp. (NYSE: SOC)
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Sable Offshore Corp., formerly Flame Acquisition Corp, is focused on interests in certain oil and gas properties located offshore in the Santa Ynez Unit (SYU). SYU consists of three offshore platforms and a wholly owned onshore processing facility located along the Gaviota Coast at Las Flores Canyon in Santa Barbara County, California. The offshore position comprises 16 federal leases across approximately 76,000 acres. The Company¿s Hondo platform and the Harmony platform develop the Hondo Field, and the Heritage platform develops the Pescado and Sacate Fields. The platforms are located five to nine miles offshore of Santa Barbara County in shallow water depths of 900 to 1,200 feet and service 112 wells, comprised of 90 producers, 12 injectors and 10 idle with an additional 102 identified, undrilled opportunities. The onshore facilities occupy approximately 35 acres and are comprised of an oil treating plant, a biologic/physical water treating plant, POPCO gas plant, and others.
| Last: | $16.55 |
|---|---|
| Change Percent: | 8.1% |
| Open: | $15.82 |
| Close: | $15.31 |
| High: | $17.39 |
| Low: | $15.82 |
| Volume: | 2,475,387 |
| Last Trade Date Time: | 03/24/2026 12:25:09 pm |
| Market Cap: | $1,181,438,637 |
|---|---|
| Float: | 99,008,907 |
| Insiders Ownership: | 7.54% |
| Institutions: | 56 |
| Short Percent: | N/A |
| Industry: | Fossil Fuels |
| Sector: | Energy |
| Website: | https://www.sableoffshore.com |
| Country: | US |
| City: | Houston |
Get Instant Newsletter Alerts to your Mobile Device and Email as soon as the News or Alerts hit the wire.
**MWN-AI FAQ is based on asking OpenAI questions about Sable Offshore Corp. (NYSE: SOC).
Link your X account with Market Wire News to automatically tweet trending stocks news and your portfolio stocks news.
Get instant news alerts to your mobile device as soon as the news hits the wire. Simply add a stock symbol to your portfolio and our service will alert you anytime there is news.
