litigation
confidence high
sentiment negative
materiality 0.75
Court denies Sable's motion to stay Coastal Commission cease-and-desist order; appeal filed
Sable Offshore Corp.
- Santa Barbara Superior Court denied Sable's motion to stay the California Coastal Commission's April 10 Cease and Desist Order on July 9, 2025.
- Sable filed a Notice of Appeal of the May 28 preliminary injunction order to the California Court of Appeal on July 9, 2025.
- Sable continues Santa Ynez Unit production and expects first oil sales from Las Flores Pipeline restart on August 1, 2025.
- The cease-and-desist order prohibits maintenance/repair work in the coastal zone; litigation ongoing.
item 8.01item 9.01