California challenges federal takeover of two oil pipelines [USA TODAY]
Sable Offshore Corp. (SOC)
Company Research
Source: USA TODAY
(This story was updated to add new information.) California is challenging an agency under the Department of Transportation for giving the “green light” to a company to restart pumping oil through pipelines officials said have been federalized. Against the backdrop of ocean waves at Dockweiler State Beach, Attorney General Rob Bonta said on Friday, Jan. 23 that the Pipeline and Hazardous Materials Safety Administration has unlawfully given Sable Offshore Corp. the “green light” to restart pumping oil through two onshore pipelines that start from Santa Barbara County and end in Kern County. In a petition for review filed in the U.S. Court of Appeals for the Ninth Circuit, the attorney general argued that PHMSA issued an order to assume federal jurisdiction over a pair of pipelines. According to Bonta, these pipelines are solely located in California and yet it has been reclassified as “interstate.” He described the move as lawfully federalizing the pipelines and “usurped state
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News
- Sable Offshore Corp. (SOC): A Bear Case Theory [Yahoo! Finance]Yahoo! Finance
- Sable Offshore sinks on $250M shelf share sales filing [Seeking Alpha]Seeking Alpha
- Sable Offshore (SOC) Falls Following Lawsuit by California Attorney General [Yahoo! Finance]Yahoo! Finance
- Sable Offshore (NYSE:SOC) had its "sell (d-)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Sable Offshore (SOC) Fell by Over 10% This Week. Here is Why [Yahoo! Finance]Yahoo! Finance
SOC
Earnings
- 11/13/25 - Miss
SOC
Sec Filings
- 2/3/26 - Form SCHEDULE
- 2/3/26 - Form 424B5
- 2/3/26 - Form 8-K
- SOC's page on the SEC website