Trust Size
$1.7B
Peak Price
$35.00
Current Price
$15.81
Return
+58.1%
Price Journey
What Happened
Sable Offshore is an oil and gas company that acquired ExxonMobil's legacy Santa Ynez Unit offshore California assets, aiming to restart production from platforms shut down since a 2015 pipeline spill.
Sable went public in February 2024 through a merger with Flame Acquisition Corp, a SPAC led by oil industry veteran James Flores. The company acquired ExxonMobil's offshore California platforms for $643 million, betting it could restart production from assets that had been idle since the 2015 Plains All American Pipeline oil spill. The bet is controversial, facing environmental opposition and regulatory hurdles, but the assets hold significant proved reserves.
Timeline
2021-02-22
S-1 Registration Filed
2024-01-31
Merger Proxy Filed (DEFM14A)
SEC Filing Details
CIK Number
1831481
Total SEC Filings
335
State of Incorporation
DE
Last Filing Date
2026-03-16
Business Location
Houston, TX
Trust/Asset Size
$1.7B
Data sourced from SEC EDGAR Company Facts API and EFTS search index.
📄 SEC Filings
View all EDGAR filings for Sable Offshore