ExxonMobil drops lawsuit against Santa Barbara County after selling Santa Ynez Unit assets to Sable Offshore Corp.

ExxonMobil has dropped its lawsuit against Santa Barbara County after the company sold its Santa Ynez Unit and associated assets to Sable Offshore Corp. The assets included 114 wells, three offshore platforms, and shares in two pipeline companies. The lawsuit contested Santa Barbara County's denial of ExxonMobil's plan to truck oil from its offshore platforms in the region.

February 16, 2024
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