Sable Offshore Gains Amid Favorable Court Ruling on Las Flores Pipelines.

Sable Offshore has jumped 1.6% in early trading following a California court decision that partially granted preliminary injunctions related to the company's Las Flores pipelines. The court's decision allows the company to move forward with restarting the pipelines, which had been shut down due to environmental concerns. The previous day, the stock surged 28.5% on the news.

Sable Offshore Corp. (Sable) has seen its stock price increase by 1.6% in early trading today following a significant court decision in California. The ruling, which was issued on July 18, 2025, partially granted preliminary injunctions related to the company's Las Flores pipelines. This decision allows Sable to proceed with the restart of the pipelines, which had been shut down due to environmental concerns.

The court's decision in Case Number 25CV02247, involving a civil law and motion hearing, granted Sable's application for a preliminary injunction to enjoin the restart of the Las Flores Pipelines until 10 court days following the filing and service of notice by Sable. This notice must include all necessary approvals and permits for restarting the pipelines [1]. The court also denied Sable's motion to compel the deposition of Richard B. Kuprewicz, a key figure in the case, and to strike his declarations filed in support of the petitioners' applications for preliminary injunctions.

The Las Flores Pipelines, which connect to three offshore platforms known as the Santa Ynez Unit, were shut down in 2015 following a serious oil spill. The pipelines were later acquired by Sable in 2024. Sable has been working to obtain the necessary approvals and permits to restart the pipelines, with the court's decision providing a significant boost to these efforts.

The stock price of Sable Offshore Corp. had surged by 28.5% the previous day following the initial news of the court decision. The stock's early trading increase of 1.6% today reflects investor confidence in the company's ability to successfully restart the pipelines and navigate the regulatory process.

Investors and financial professionals should closely monitor the progress of Sable's efforts to restart the Las Flores Pipelines and any future legal developments in this case. The company's ability to meet the court's requirements and obtain the necessary approvals will be crucial in determining the success of this initiative.

References:
[1] https://www.santabarbara.courts.ca.gov/tentative-ruling/25cv02247