How grand plans to restart oil drilling off Santa Barbara's coast hit California's green wall
Yahoo Finance·2025-10-13 10:00

Sable Offshore Corp.'s Harmony oil platform off the coast of Refugio State Beach. (Michael Owen Baker / For The Times) When a Texas oil company first announced controversial plans to reactivate three drilling rigs off the coast of Santa Barbara County, investor presentations boasted that the venture had "massive resource potential" and was "primed for cash flow generation." But now, less than two years later, mounting legal setbacks and regulatory issues are casting increasing doubt on the project's futu ...