Sky Quarry restarts Nevada crude oil refinery after permit approval

Sky Quarry Inc. (NASDAQ: SKYQ) announced it has received an air permit from the Nevada Division of Environmental Protection and restarted operations at its Eagle Springs Refinery near Ely, Nevada, according to a company press release dated Sept. 24, 2026.

The refinery, operated through the company's wholly owned subsidiary Foreland Refining Corporation, has a stated nameplate capacity of approximately 5,000 barrels of crude oil per day. Sky Quarry completed roughly $300,000 in repairs and upgrades ahead of the restart, based on a TAR360 assessment conducted in 2025.

The company reports approximately 15,000 barrels of crude oil inventory on hand as operations resume.

"Receiving this permit and restarting Nevada's only crude oil refinery is a major step for Sky Quarry," said Marcus Laun, Interim Chief Executive Officer. "Our job now is to ramp Eagle Springs toward its full operating potential and make Nevada-refined products a more meaningful part of the region's supply."

Sky Quarry participated in a Nevada Fuel Resiliency Committee meeting earlier in 2026 and said it intends to remain engaged as the state evaluates fuel supply and infrastructure initiatives.

The U.S. Geological Survey estimates that federal lands in Nevada contain approximately 1.4 billion barrels of undiscovered, technically recoverable oil resources, according to the press release.

Separately, the company said it continues discussions related to a previously announced farm-in opportunity at its PR Spring facility in Utah, as well as potential collaboration involving its 7-megawatt power generation capacity.

You May Also Be Interested In

• Sky Quarry starts production at Nevada's only crude oil refinery
• Freddie Mac, Fannie Mae Gain Following Ackman Comments on CNBC
• Trump On Iran: Making Up Fake Hits, Mines, And Everything Else To Drive Up Price Of Oil