Sable Offshore Corp. engages in offshore oil and gas field operations. The company is headquartered in Houston, Texas and currently employs 161 full-time employees. The company went IPO on 2021-02-25. 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.
Follow-Up Questions
Who is the CEO of Sable Offshore Corp?
Mr. James Flores is the Chairman of the Board of Sable Offshore Corp, joining the firm since 2023.
What is the price performance of SOC stock?
The current price of SOC is $24.06, it has decreased 0% in the last trading day.
What are the primary business themes or industries for Sable Offshore Corp?
Sable Offshore Corp belongs to Energy industry and the sector is Energy
What is Sable Offshore Corp market cap?
Sable Offshore Corp's current market cap is $2.3B
Is Sable Offshore Corp a buy, sell, or hold?
According to wall street analysts, 6 analysts have made analyst ratings for Sable Offshore Corp, including 2 strong buy, 6 buy, 1 hold, 0 sell, and 2 strong sell
