Sable Offshore Corp.

Sable Offshore Corp. is an independent oil and gas exploration and production company operating exclusively in federal waters offshore California. The company owns and operates three production platforms in the Pacific Ocean and holds 16 federal leases covering approximately 76,000 acres of acreage. In addition to platform operations, Sable owns and operates subsea pipeline infrastructure that transports crude oil, natural gas, and produced water from offshore platforms to onshore processing facilities.

The company's primary revenue streams derive from the extraction and sale of crude oil and natural gas produced across its offshore operations. The California federal waters represent the company's sole geographic focus, concentrating its operational and capital deployment activities in a defined marine basin.

With 161 full-time employees and a market capitalization of $1.1 billion, Sable operates as a mid-sized independent in the U.S. oil and gas sector. The company was incorporated in Delaware in 2020 and rebranded to its current name in February 2024, following its acquisition by Flame Acquisition Corp. The Houston, Texas headquarters location reflects its positioning as a U.S.-focused energy operator.