Sky Quarry restarts Nevada's only crude oil refinery

  • Sky Quarry received an air permit and restarted operations at Eagle Springs Refinery.
  • Sky Quarry shares rose 12.20% to $2.85 at Thursday's publication.
  • Eagle Springs can process approximately 5,000 barrels daily and holds 15,000 barrels in inventory.

Sky Quarry has received an air permit from the Nevada Division of Environmental Protection and restarted its Eagle Springs Refinery near Ely, Nevada, through wholly owned subsidiary Foreland Refining Corporation. The facility, described as Nevada's only crude oil refinery, has stated nameplate capacity of approximately 5,000 barrels of crude oil per day. Sky Quarry completed about $300,000 in repairs and upgrades identified through a 2025 TAR360 assessment, holds approximately 15,000 barrels of crude oil inventory and expects additional supply as operations progress. Interim Chief Executive Officer Marcus Laun said the company would focus on moving Eagle Springs toward full output and increasing Nevada-refined fuel's role in regional supply. Shares were up 12.20% at $2.85 at the time of publication Thursday, according to Benzinga Pro. Sky Quarry has participated in Nevada fuel-resiliency discussions, supports proposals to expand oil exploration in the state and cited federal estimates of roughly 1.4 billion barrels of undiscovered, recoverable oil beneath Nevada's public lands. The company also produces diesel, vacuum gas oil, naphtha and liquid paving asphalt, while continuing discussions on a PR Spring farm-in opportunity and potential collaboration involving 7-megawatt power generation capacity.

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