Sable Offshore (SOC) Gained Over 29% This Week. Here is Why

Core Viewpoint - Sable Offshore Corp. (NYSE:SOC) experienced a significant share price increase of 29.06% from November 28 to December 5, 2025, making it one of the top-performing energy stocks during that week [1]. Group 1: Company Overview - Sable Offshore Corp. is an independent upstream company focused on the development of the Santa Ynez Unit located in federal waters off the coast of California [2]. Group 2: Recent Developments - After reaching an all-time low at the end of November, Sable Offshore's share price rebounded following the company's request to the U.S. Pipeline and Hazardous Materials Safety Administration (PHMSA) to shift oversight of its Santa Ynez-Pentland Station pipeline from state to federal. This request is based on the pipeline meeting the definition of an interstate facility under the Pipeline Safety Act [3]. - If the transition to federal oversight is approved, it could enable the pipeline to restart operations, supported by the Trump administration's backing of offshore drilling projects in California [3]. - In case the primary plan does not succeed, Sable Offshore has an alternative strategy to seek federal clearance for transporting oil from offshore platforms using shuttle tankers [4].