Sable Offshore shares plunged to a record low after announcing a $400 million equity and convertible notes offering to refinance Exxon debt. Heavy dilution fears trigger massive sell-off.
Trump admin invokes Defense Production Act; Sable Offshore resumes Santa Ynez Unit oil transport via pipeline, targeting 50K bbl/d sales in April amid energy security push.
Federal judge rules Interior Dept. must release emails & docs on rushed permits for Sable Offshore's controversial Santa Barbara pipeline restart amid bad faith claims.
President Trump prepares to use Cold War-era Defense Production Act to override California regs, restart Sable Offshore's Santa Ynez platforms amid Iran war oil crunch & soaring gas prices.
Jefferies analyst highlights a key DOJ opinion supporting the use of the Defense Production Act to bypass California laws halting offshore oil production and pipelines for Sable Offshore.
Sable Offshore shares drop after a California judge's preliminary ruling keeps an injunction on pipeline restart in place.
