
Sable Offshore Corp. (&#34;Sable,&#34; or the &#34;Company&#34;) (NYSE:SOC) today announced that on March 29, 2026, Sable initiated oil sales. The Santa Ynez Pipeline System was filled from Las Flores Canyon to Pentland Station at a

<p xmlns="http://www.w3.org/1999/xhtml">
Sable Offshore Corp. ("Sable," or the "Company") (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/SOC">SOC</a>) today announced that on March 29, 2026, Sable initiated oil sales. The Santa Ynez Pipeline System was filled from Las Flores Canyon to Pentland Station at a rate in excess of 50,000 barrels of oil per day.

</p><p xmlns="http://www.w3.org/1999/xhtml">
At the Santa Ynez Unit, Platform Harmony is currently producing approximately 22,000 gross barrels of oil per day. Additionally, the United States Department of the Interior's Bureau of Safety and Environmental Enforcement has completed its final pre-restart inspection of Platform Heritage. Sable plans to commence production restart at Platform Heritage today at an expected total rate of over 30,000 gross barrels of oil per day. We expect Platform Hondo to be online by the end of the second quarter of 2026 at a rate in excess of 10,000 barrels of oil per day.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Sable Chairman and Chief Executive Officer, Jim Flores, said "Sable is proud to announce oil sales through the Santa Ynez Pipeline System to Chevron. In doing so, we are providing American oil from American soil through an American pipeline to an American refinery for American consumers and the United States military."

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About Sable</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Sable Offshore Corp. is an independent oil and gas company, headquartered in Houston, Texas, focused on responsibly developing the Santa Ynez Unit in federal waters offshore California. The Sable team has extensive experience safely operating in California.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Forward-Looking Statements</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
The information in this press release include "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "could," "should," "will," "may," "believe," "anticipate," "intend," "estimate," "expect," "project," "continue," "plan," "forecast," "predict," "potential," "future," "outlook," and "target," the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements will contain such identifying words. These statements are based on the current beliefs and expectations of Sable's management and are subject to significant risks and uncertainties. Actual results may differ materially from those described in the forward-looking statements. Factors that could cause Sable's actual results to differ materially from those described in the forward-looking statements include: the ability to recommence full production of the SYU assets; the cost and time required therefor, and production levels once recommenced; availability of future financing; our financial performance; global economic conditions and inflation; increased operating costs; lack of availability of drilling and production equipment, supplies, services and qualified personnel; geographical concentration of operations; environmental and weather risks; regulatory changes and uncertainties; litigation, complaints and/or adverse publicity; privacy and data protection laws, privacy or data breaches, or loss of data; our ability to comply with laws and regulations applicable to our business; and other one-time events and other factors that can be found in Sable's Annual Report on Form 10-K for the year ended December 31, 2025, which is filed with the Securities and Exchange Commission and are available on Sable's website (<a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sableoffshore.com&amp;esheet=54471559&amp;newsitemid=20260329683772&amp;lan=en-US&amp;anchor=www.sableoffshore.com&amp;index=1&amp;md5=b7d251d61a0352d2dafbfe3dc7a03123" shape="rect">www.sableoffshore.com</a>) and on the Securities and Exchange Commission's website (<a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sec.gov&amp;esheet=54471559&amp;newsitemid=20260329683772&amp;lan=en-US&amp;anchor=www.sec.gov&amp;index=2&amp;md5=1fc49c85d9e9567f1609b2b618e8836a" shape="rect">www.sec.gov</a>). Except as required by applicable law, Sable undertakes no obligation to publicly release the result of any revisions to these forward-looking statements to reflect the impact of events or circumstances that may arise after the date of this press release.

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260329683772r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260329683772/en/" rel="nofollow">https://www.businesswire.com/news/home/20260329683772/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
Investor Contact:
<br xmlns="http://www.w3.org/1999/xhtml"></br>Harrison Breaud
<br xmlns="http://www.w3.org/1999/xhtml"></br>Vice President, Finance &amp; Investor Relations
<br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:IR@sableoffshore.com" shape="rect">IR@sableoffshore.com 
</a><br xmlns="http://www.w3.org/1999/xhtml"></br>713-579-8111

</p>

Sable Offshore Corp. Begins Oil Sales from the Santa Ynez Pipeline System

Sable Offshore Corp. Initiates Oil Sales, Boosting Production Capacity

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>Sable Offshore Corp. (&amp;#34;Sable,&amp;#34; or the &amp;#34;Company&amp;#34;) (NYSE:SOC) today announced that on March 29, 2026, Sable initiated oil sales. The Santa Ynez Pipeline System was filled from Las Flores Canyon to Pentland Station at a</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Sable Offshore Corp. has initiated oil sales, increasing production with Platform Heritage and Harmony operational. This strategic move is expected to enhance revenue streams, particularly with Chevron as a customer. Investors should watch for improvements in production rates and potential revenue growth.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Sable began oil sales through Santa Ynez Pipeline System on March 29, 2026.</li><li>Platform Heritage&#039;s production restarts today, expected over 30,000 barrels per day.</li><li>Platform Hondo is set to come online by Q2 2026, exceeding 10,000 barrels.</li><li>Current daily production at Platform Harmony is approximately 22,000 barrels.</li><li>Sable supplies Chevron with oil from U.S. sources for military and consumer needs.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Chevron (CVX)</strong>: Sable&#039;s partnership with Chevron indicates strong demand for oil sales.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>The news fits &#039;Corporate Developments&#039; as it indicates significant operational progress and revenue potential for SOC.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Commencement of oil sales could significantly boost SOC&#039;s revenue.</li><li>Platform Heritage&#039;s restart enhances total daily production, driving investor interest.</li><li>Strategic partnership with Chevron improves operational credibility and market access.</li><li>Potential for further production increases with Platform Hondo coming online soon.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Sable initiated oil sales on March 29, 2026.</li><li>Santa Ynez Pipeline System filled at over 50,000 barrels/day.</li><li>Platform Heritage restarts production today, expected over 30,000 barrels/day.</li><li>Platform Harmony currently produces approximately 22,000 barrels/day.</li><li>Platform Hondo expected online by end of Q2 2026 at 10,000 barrels/day.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>SOC shares are likely to rise with increased production and sales; buy on dips.</p>
  </section>
</section>


<p xmlns="http://www.w3.org/1999/xhtml">
Sable Offshore Corp. ("Sable," or the "Company") (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/SOC">SOC</a>) today announced that on March 29, 2026, Sable initiated oil sales. The Santa Ynez Pipeline System was filled from Las Flores Canyon to Pentland Station at a rate in excess of 50,000 barrels of oil per day.

</p><p xmlns="http://www.w3.org/1999/xhtml">
At the Santa Ynez Unit, Platform Harmony is currently producing approximately 22,000 gross barrels of oil per day. Additionally, the United States Department of the Interior's Bureau of Safety and Environmental Enforcement has completed its final pre-restart inspection of Platform Heritage. Sable plans to commence production restart at Platform Heritage today at an expected total rate of over 30,000 gross barrels of oil per day. We expect Platform Hondo to be online by the end of the second quarter of 2026 at a rate in excess of 10,000 barrels of oil per day.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Sable Chairman and Chief Executive Officer, Jim Flores, said "Sable is proud to announce oil sales through the Santa Ynez Pipeline System to Chevron. In doing so, we are providing American oil from American soil through an American pipeline to an American refinery for American consumers and the United States military."

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About Sable</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Sable Offshore Corp. is an independent oil and gas company, headquartered in Houston, Texas, focused on responsibly developing the Santa Ynez Unit in federal waters offshore California. The Sable team has extensive experience safely operating in California.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Forward-Looking Statements</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
The information in this press release include "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "could," "should," "will," "may," "believe," "anticipate," "intend," "estimate," "expect," "project," "continue," "plan," "forecast," "predict," "potential," "future," "outlook," and "target," the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements will contain such identifying words. These statements are based on the current beliefs and expectations of Sable's management and are subject to significant risks and uncertainties. Actual results may differ materially from those described in the forward-looking statements. Factors that could cause Sable's actual results to differ materially from those described in the forward-looking statements include: the ability to recommence full production of the SYU assets; the cost and time required therefor, and production levels once recommenced; availability of future financing; our financial performance; global economic conditions and inflation; increased operating costs; lack of availability of drilling and production equipment, supplies, services and qualified personnel; geographical concentration of operations; environmental and weather risks; regulatory changes and uncertainties; litigation, complaints and/or adverse publicity; privacy and data protection laws, privacy or data breaches, or loss of data; our ability to comply with laws and regulations applicable to our business; and other one-time events and other factors that can be found in Sable's Annual Report on Form 10-K for the year ended December 31, 2025, which is filed with the Securities and Exchange Commission and are available on Sable's website (<a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sableoffshore.com&amp;esheet=54471559&amp;newsitemid=20260329683772&amp;lan=en-US&amp;anchor=www.sableoffshore.com&amp;index=1&amp;md5=b7d251d61a0352d2dafbfe3dc7a03123" shape="rect">www.sableoffshore.com</a>) and on the Securities and Exchange Commission's website (<a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sec.gov&amp;esheet=54471559&amp;newsitemid=20260329683772&amp;lan=en-US&amp;anchor=www.sec.gov&amp;index=2&amp;md5=1fc49c85d9e9567f1609b2b618e8836a" shape="rect">www.sec.gov</a>). Except as required by applicable law, Sable undertakes no obligation to publicly release the result of any revisions to these forward-looking statements to reflect the impact of events or circumstances that may arise after the date of this press release.

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260329683772r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260329683772/en/" rel="nofollow">https://www.businesswire.com/news/home/20260329683772/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
Investor Contact:
<br xmlns="http://www.w3.org/1999/xhtml"></br>Harrison Breaud
<br xmlns="http://www.w3.org/1999/xhtml"></br>Vice President, Finance &amp; Investor Relations
<br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:IR@sableoffshore.com" shape="rect">IR@sableoffshore.com 
</a><br xmlns="http://www.w3.org/1999/xhtml"></br>713-579-8111

</p>

Sable Offshore Corp. has initiated oil sales, increasing production with Platform Heritage and Harmony operational. This strategic move is expected to enhance revenue streams, particularly with Chevron as a customer. Investors should watch for improvements in production rates and potential revenue growth.

Sable Offshore Corp. Begins Oil Sales from the Santa Ynez Pipeline System

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

Related News