Sable Offshore Corp Disputes California Compliance Allegations

By Greg Peters • Friday, October 24 12:08 • Permanent Link

Sable Offshore Corp. (NYSE: SOC) has responded to the California Office of the State Fire Marshal's (OSFM) allegations of deficiencies in the company's compliance with state waivers. The company strongly disagrees with the allegations, stating that they are inconsistent with the plain language of the waivers and past discussions with OSFM experts confirming Sable's full compliance.

OSFM's letter, dated October 22, 2025, prompted Sable's initial response, with the company expressing its intent to supplement this initial response and resolve the misunderstanding with OSFM swiftly.

Sable Offshore Corp. is focused on responsibly developing the Santa Ynez unit in federal waters offshore California. The company, headquartered in Houston, Texas, is an independent oil and gas company with extensive experience in safe operations in California.

For further details, one can refer to the attached OSFM's October 22, 2025 letter and Sable's initial response. Following these announcements, the company's shares moved 18.61%, and are now trading at a price of $14.02. If you want to know more, read the company's complete 8-K report here.

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