litigation
confidence high
sentiment negative
materiality 0.75
Sable Offshore seeks at least $347M in damages from California Coastal Commission over pipeline restart delays
Sable Offshore Corp.
- Sable filed motion to amend complaint in Santa Barbara Superior Court to quantify inverse condemnation damages at >$347M.
- Separate declaratory relief action filed in Kern County argues SB 237 does not apply to Las Flores Pipeline System.
- Company warns further restart delays will force accelerated offshore storage and treating vessel strategy, used from 1981–1994.
- Cease-and-desist order from November 2024 halted anomaly repair program; Sable later completed work under existing county permits.