secwatch.observer — SEC 8-K summary
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Issuer:     Sable Offshore Corp. (SOC)
CIK:        0001831481
Form:       8-K
Filed at:   2025-05-19T23:59:59+00:00
Accession:  0001193125-25-122079
Event type: other_material
Sentiment:  positive
Materiality: 0.85
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sable Offshore restarts SYU production; raises 2H25 output guidance to 40-50K BOE/D
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- Production restart at Santa Ynez Unit on May 15, 2025; first oil from Platform Harmony at ~6,000 bbl/d.
- Well tests on Harmony appear stronger than at 2015 shut-in; 30% of 32 wells tested as of May 18.
- Expects to fill 540,000 bbl storage by mid-June, commence oil sales in July 2025.
- Updated 2H25 guidance: production 40,000–50,000 BOE/D (previously 20,000–25,000); LOE reduced to $11-$13.50/BOE.
- Risk: if restart not achieved by March 1, 2026, assets could revert to Exxon without compensation.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1831481/000119312525122079/0001193125-25-122079-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1831481/000119312525122079/d943067d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-122079

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