Sable Offshore Corp. (NYSE: SOC) seeks PHMSA oversight for Santa Ynez pipeline

Rhea-AI Filing Summary

Sable Offshore Corp. filed a current report describing a regulatory step for its California pipeline system. On November 26, 2025, the company notified the federal Pipeline and Hazardous Materials Safety Administration (PHMSA) that it has determined its pipeline connecting the Santa Ynez Unit to the Pentland Station terminal in Kern County is an interstate pipeline facility under the Pipeline Safety Act and requested PHMSA’s concurrence and guidance on transitioning oversight from the California Office of the State Fire Marshal.

The company also reiterates its dual offtake strategy for crude produced from the Santa Ynez Unit, pursuing an offshore storage and treating vessel with shuttle tankers to reach domestic and global markets while working to safely resume transportation through its onshore pipeline facilities.

FALSE000183148100018314812025-11-262025-11-26

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

________________________

FORM 8-K

_________________________

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): November 26, 2025

___________________________________

Sable Offshore Corp.

(Exact name of registrant as specified in its charter)

Delaware (State or other jurisdiction of incorporation or organization)			001-40111 (Commission File Number)			85-3514078 (I.R.S. Employer Identification Number)
845 Texas Avenue, Suite 2920
Houston, TX						77002
(Address of principal executive offices)						(Zip code)
(713) 579-6161
(Registrant's telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol

Name of each exchange on which registered

Common stock, par value $0.0001

SOC

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule12b-2 of the Securities Exchange Act.of 1934 (§240.12b-2 of this chapter).

Emerging growth company    ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 7.01    Regulation FD Disclosure.

On November 26, 2025, Sable Offshore Corp. (the “Company”) notified the Pipeline and Hazardous Materials Safety Administration (“PHMSA”) of its determination that the Company’s pipeline connecting the Santa Ynez Unit to the Pentland Station terminal in Kern County, CA constitutes an interstate pipeline facility under the Pipeline Safety Act. The Company requested PHMSA concurrence with the Company’s determination, as well as guidance on the orderly transition of regulatory oversight from the California Office of the State Fire Marshal to PHMSA.

The Company continues to pursue an offshore storage and treating vessel strategy to provide access to domestic and global markets via shuttle tankers for federal crude oil produced from the Santa Ynez Unit. Concurrently, the Company continues to work diligently to safely and responsibly resume petroleum transportation through its onshore pipeline facilities as part of its publicized dual option offtake strategy.

The information furnished pursuant to this Item 7.01 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference in any filing made by the Company under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act.

Item 9.01    Financial Statements and Exhibits.

(d) Exhibits:

Exhibit No.						Description of Exhibits
104						Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Sable Offshore Corp.

Date:

December 1, 2025

By:

/s/ Gregory D. Patrinely

Name:

Gregory D. Patrinely

Title:

Executive Vice President and Chief Financial Officer

FAQ

What did Sable Offshore Corp. (SOC) disclose in this 8-K filing?

The company reported that it notified PHMSA of its determination that the pipeline connecting the Santa Ynez Unit to the Pentland Station terminal is an interstate pipeline facility under the Pipeline Safety Act and asked for PHMSA’s concurrence and transition guidance.

How does the PHMSA notification affect Sable Offshore Corp.'s pipeline oversight?

Sable Offshore Corp. is seeking to transition regulatory oversight of the Santa Ynez-to-Pentland pipeline from the California Office of the State Fire Marshal to federal oversight by PHMSA, subject to PHMSA’s concurrence.

What is Sable Offshore Corp.'s dual offtake strategy for the Santa Ynez Unit?

The company continues to pursue an offshore storage and treating vessel strategy using shuttle tankers for access to domestic and global markets, while also working to safely resume petroleum transportation through its onshore pipeline facilities.

Does this Sable Offshore Corp. 8-K include new financial results?

No, the report focuses on regulatory classification of a pipeline and the company’s offtake strategy; it does not present financial statements or earnings data.

Is the information in this Sable Offshore Corp. 8-K considered filed or furnished?

The company states that the information provided under Item 7.01 is furnished, not filed, under the Exchange Act and is not subject to Section 18 liabilities or automatically incorporated into other Securities Act or Exchange Act filings.

Which asset is at the center of Sable Offshore Corp.'s PHMSA notification?

The notification concerns the company’s pipeline connecting the Santa Ynez Unit to the Pentland Station terminal in Kern County, California.