Trump admin invokes Defense Production Act, directs oil company to restart California operations [FOX Business Network]
Sable Offshore Corp. (SOC)
Company Research
Source: FOX Business Network
The Trump administration invoked the Defense Production Act to order an oil company to restart shuttered offshore operations in California, saying the move is necessary to address oil supply disruption risks and reduce reliance on foreign crude. Energy Secretary Chris Wright on Friday directed Sable Offshore Corp., an oil and gas company headquartered in Houston, to restore operations at the Santa Ynez Unit and the Santa Ynez Pipeline System off the coast of Santa Barbara, according to a statement from the Department of Energy (DOE). The order prioritizes restarting oil production and pipeline capacity to move crude through the Las Flores Pipeline System to Pentland Station, a key inland hub for transporting offshore oil to refineries, and into interstate pipelines. "California once supplied nearly 40 percent of U.S. oil production, but decades of radical state policies targeting reliable energy sources have driven a decline in domestic output while fuel demand remains among th
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SOC
News
- Chevron's Sable Offshore Deal Adds West Coast Supply And Risk Considerations [Yahoo! Finance]Yahoo! Finance
- Sable Offshore is the top performing energy stock in the volatile month of March [Seeking Alpha]Seeking Alpha
- Trump administration illegally ordered restart of Central Coast oil pipelines, state lawsuit says [Los Angeles Times (CA)]Los Angeles Times
- California sues Trump administration over Sable oil pipeline restart [Seeking Alpha]Seeking Alpha
- Solaris Energy Infrastructure traded 3x its relative volume today; here's why [Yahoo! Finance]Yahoo! Finance
SOC
Earnings
- 11/13/25 - Miss
SOC
Sec Filings
- 3/26/26 - Form SCHEDULE
- 3/16/26 - Form 8-K
- 3/6/26 - Form 4
- SOC's page on the SEC website