Sable resumes SYU oil transport under DPA order; targets 50,000 Bbls/d by April 1

Sable Offshore Corp.

Resumed hydrocarbon flow through Santa Ynez Pipeline System on March 14, 2026, per Secretary of Energy DPA order.
Expects first sales by April 1, 2026 at gross oil rate of 50,000 Bbls/d; pipeline capacity is 200,000 Bbls/d.
Has ~540,000 barrels of processed crude in storage at Las Flores Canyon, exceeding line fill needs.
Production ramp: Platforms Harmony & Heritage in March 2026; Platform Hondo in June 2026.
Filed lawsuit against California State Parks seeking declaratory relief to enforce DPA order.

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