Apr. 2 at 8:12 AM
$SOC Has two platforms producing Oil and expect a third platform (Hondo) to be producing at the end of June.
- At the Santa Ynez Unit, Platform Harmony is currently producing approximately 22,000 gross barrels of oil per day. Additionally, the United States Department of the Interior’s Bureau of Safety and Environmental Enforcement has completed its final pre-restart inspection of Platform Heritage.
- Sable plans to commence production restart at Platform Heritage today at an expected total rate of over 30,000 gross barrels of oil per day.
- We expect Platform Hondo to be online by the end of the second quarter of 2026 at a rate in excess of 10,000 barrels of oil per day.
With platforms pumping oil, Sable is able too fill one barrel for only 17-20$, this is notable because other companies like
$SM or
$APA pay atleast 25-45$ per barrel.
https://sableoffshore.com/news/news-details/2026/Sable-Offshore-Corp--Begins-Oil-Sales-from-the-Santa-Ynez-Pipeline-System/default.aspx