The share price of Sable Offshore Corp. (NYSE:SOC) surged by 9.22% between December 5 and December 12, 2025, putting it among the Energy Stocks that Gained the Most This Week.
Sable Offshore Corp. (NYSE:SOC) is an independent upstream company focused on developing the Santa Ynez Unit in federal waters offshore California.
Sable Offshore Corp. (NYSE:SOC) continued its upward trajectory following reports that the company is now seeking federal approval to restart its defunct oil and gas pipeline near Santa Barbara after hitting a roadblock with California state authorities. Investors reacted positively after Sable filed a formal request with the U.S. Pipeline and Hazardous Materials Safety Administration (PHMSA) to shift its Santa Ynez-Pentland Station pipeline from state to federal oversight, as it meets the definition of an interstate pipeline facility under the Pipeline Safety Act.
The company is hopeful that, if approved, the transition will help the line finally restart, given the White House’s support for offshore drilling projects along the US coast. Just last month, President Trump announced a plan to dramatically expand oil and gas drilling rights auctions in American waters, including six new leases off the coast of California.
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Disclosure: None.
