Sable Offshore Corp (SOC) Financier

Sable Offshore Corp. engages in offshore oil and gas field operations. The company is headquartered in Houston, Texas and currently employs 200 full-time employees. The company went IPO on 2021-02-25. The Company’s assets consist of three offshore platforms, Hondo, Heritage and Harmony, an onshore oil and natural gas processing facility in Goleta, California and pipeline assets. The offshore position comprises 16 federal leases across approximately 76,000 acres. The Company’s Hondo platform and the Harmony platform develop the Hondo Field, and the Heritage platform develops the Pescado and Sacate Fields. The platforms are located five to nine miles offshore of Santa Barbara County in shallow water depths of 900 to 1,200 feet and service 112 wells, comprised of 90 producers, 12 injectors and 10 idle with an additional 102 identified, undrilled opportunities. The onshore facilities occupy approximately 35 acres and comprise an oil treating plant, a biologic/physical water treating plant, POPCO gas plant, and others.