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Posts Tagged ‘NInth Circuit’

Friday Night Lights – Secretary Chris Wright directs Sable to resume SYU production!

Posted in California, energy policy, Offshore Energy - General, pipelines, Regulation, tagged , , , , , , on March 13, 2026| Leave a Comment »

(Bloomberg) — The Trump administration on Friday took action to clear the way for oil production off the California coast in a bid to ease the global fuel pressures created by the war with Iran.

The announcement by Energy Secretary Chris Wright follows an executive order signed by President Donald Trump on Friday and directs Sable Offshore Corp., a Houston-based company, to begin restoring operations for the Santa Ynez Unit and Santa Ynez Pipeline System in California.

What about Judge Geck’s injunction and the case before the 9th Circuit? How are they affected by the EO and DOJ opinion?

Perhaps Four World Capital Management wasn’t crazy after all.

More Santa Ynez Unit posts.

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Sable Offshore: go figure

Posted in California, energy policy, Offshore Energy - General, pipelines, Regulation, tagged , , , , on March 2, 2026| Leave a Comment »

Judge Donna Geck upholds restraining order
large investment in Sable

On Friday, California Superior Court Judge Donna Geck upheld the restraining order that blocks Sable Offshore from restarting Santa Ynez Unit production. She scheduled a followup court hearing for June 27. Meanwhile, the Ninth Circuit Court of Appeal’s hearing on PHMSA’s assertion of Federal jurisdiction over the onshore pipeline segments is scheduled for July.

Can Sable survive financially until those hearings are concluded?

Contradictorily, we learn that FourWorld Capital Management just purchased 8 million shares of Sable. Is that the financial equivalent of Pickett’s Charge or does FourWorld have good reasons for their optimism?

Prior Sable Santa Ynez Unit posts.

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