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Sable Offshore Corp. ("Sable" or the "Company")(NYSE:SOC) in its ongoing case, Sable Offshore Corp., et al. v. California Coastal Commission, et al., is filing a motion today requesting leave to amend the current lawsuit to quantify monetary damages in its inverse condemnation claim against the California Coastal Commission (the "Commission"). In November 2024, the Commission issued an Executive Director Cease and Desist Order ordering Sable to cease its anomaly repair program, with which Sable complied. In February 2025, upon receiving confirmation that the anomaly repair program on the Las Flores Pipeline System was authorized by existing permits issued by the County of Santa Barbara under its Local Coastal Program and delegated Coastal Act authority, Sable continued and completed its anomaly repair program in the Coastal Zone as required by the Federal Consent Decree.
Sable seeks damages in excess of $347 million, in order to compensate Sable for the unlawful delay of, and damages to, the restart of the Las Flores Pipeline System.
Additionally, on September 29, 2025, Sable filed a declaratory judgement action against the State of California in Kern County asking the court to confirm that certain provisions of SB 237 do not apply to the Las Flores Pipeline System.
Sable continues to work diligently with the State of California to safely and responsibly resume petroleum transportation through the Las Flores Pipeline System in accordance with its Federal Consent Decree, which was entered into by several state and federal agencies. Continued delays in approving the restart plans for the Las Flores Pipeline System will prompt Sable to pursue the accelerated Offshore Storage and Treating Vessel strategy, which was utilized to process Santa Ynez Unit production in federal waters from 1981 – 1994. Over this time period, the Santa Ynez Unit produced over 160 million barrels of oil equivalent.
Posted In: SOC
