(SOC) Sable Offshore - Ratings and Ratios

Sable Offshore Corp. is a company that focuses on oil and gas exploration and development in the United States, with a specific emphasis on offshore operations. The company's primary area of operation is in federal waters offshore California, where it utilizes three platforms to facilitate its exploration and production activities. These platforms are strategically located to maximize access to potential oil and gas reserves, and are supported by a network of subsea pipelines that transport crude oil, natural gas, and produced water to onshore processing facilities for further treatment and distribution.

The company's portfolio includes 16 federal leases that span approximately 76,000 acres, providing a substantial foundation for its exploration and development efforts. This acreage is likely to contain multiple prospects and potential drilling targets, which Sable Offshore Corp. can pursue using its expertise and resources. By operating in federal waters, the company is subject to relevant regulations and guidelines, which it must adhere to in order to ensure safe and environmentally responsible operations. Sable Offshore Corp.'s activities are centered on creating value through the discovery and production of oil and gas, with the aim of generating returns for its stakeholders.

Originally known as Flame Acquisition Corp., the company underwent a name change to Sable Offshore Corp. in February 2024, marking a significant milestone in its evolution. Incorporated in 2020 and headquartered in Houston, Texas, Sable Offshore Corp. is well-positioned to leverage the expertise and resources available in this major energy hub. The company's common stock is listed on the New York Stock Exchange (NYSE) under the ticker symbol SOC, and is classified within the Oil & Gas Exploration & Production sub-industry according to the Global Industry Classification Standard (GICS). For more information, investors and interested parties can visit the company's website at https://www.sableoffshore.com.