Sable Offshore Corp. operates as an upstream energy company primarily engaged in the exploration, development, and production of oil and natural gas. The company's core asset is the Santa Ynez Unit, located in federal waters offshore California, which encompasses 16 federal leases across approximately 76,000 acres. Its vertically integrated infrastructure includes three offshore platforms—Hondo, Heritage, and Harmony—along with subsea pipelines and the Las Flores Canyon onshore processing facility. Originally formed as a special purpose acquisition company (SPAC) named Flame Acquisition Corp., the company rebranded to Sable Offshore Corp. following a business combination in early 2024.
