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-0.0246987951807229 -0.000602409638554311 -0.0156626506024097 -0.0102409638554218 -0.0385542168674699 0.00843373493975907 -0.0144578313253011 -0.0301204819277108
Stock impact report

Sable Offshore (SOC) Falls Following Lawsuit by California Attorney General [Yahoo! Finance]

Sable Offshore Corp. (SOC) 
Company Research Source: Yahoo! Finance
Sable Offshore Corp. (NYSE:SOC) is an independent upstream company focused on developing the prolific Santa Ynez Unit in federal waters offshore California. Sable Offshore Corp. (NYSE:SOC) fell on January 23 after California Attorney General Rob Bonta filed a lawsuit to block the federal government from taking over regulatory control of two oil pipelines owned by the company. Sable achieved a major win last month when the U.S. Pipeline and Hazardous Materials Safety Administration (PHMSA) approved its request to shift the pipelines from state to federal oversight, citing a national energy emergency declared by President Trump last year. However, Mr. Bonta has now claimed this decision as ‘an unlawful power grab' because the pipelines run between two California counties. The lawsuit marks the latest development in a fiery dispute between the Californian authorities and Sable Offshore Corp. (NYSE:SOC), as the company seeks to restart oil production at the Santa Ynez Unit of offshor Show less Read more
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