Sable Offshore forecasts 2027 capital spending of $80 million-$100 million
SOC•Sable Offshore forecasts 2027 gross average daily sales of 50,000–55,000 barrels of oil equivalent and capital spending of $80 million–$100 million. Net sales are projected at 42,500–47,500 barrels of oil equivalent per day, almost entirely oil.
1. 2027 forecasts
Sable Offshore forecasts 2027 gross average daily sales of 50,000–55,000 barrels of oil equivalent, with net sales of 42,500–47,500 barrels per day, almost entirely oil. Capital spending is forecast at $80 million–$100 million. Lease operating expenses are projected at $9–$12 per net barrel of oil equivalent, and cash administrative costs at $3.50–$6.50.
2. Restart and sales
Platform Hondo’s restart is expected in November 2026 and is projected to add about 10,000 gross barrels of oil per day, with first sales in December. December oil sales could reach about 50,000 barrels per day, compared with estimated November sales of 31,000, following expansion to four Los Angeles-area refineries.
