Sky Quarry Restarts Nevada's Only Crude Oil Refinery — A Major New Chapter Begins in This Highly Lucrative sector for N A S D A Q: SKYQ
Sep 25, 2026
Today's air-permit approval and immediate Eagle Springs restart mark a major operational milestone, while 5,000-barrel-per-day capacity, 15,000 barrels of crude inventory, Nevada oil-development plans and a tightening Western refining market put Sky Quarry $SKYQ firmly back in the spotlight
WOODS CROSS, Utah - Sept. 25, 2026 - PRLog -- Sky Quarry Inc. (N A S D A Q: SKYQ) delivered what may be its most important operational update of 2026 today, announcing that it has received an air permit from the Nevada Division of Environmental Protection and has restarted operations at its Eagle Springs Refinery near Ely, Nevada. The facility is operated through Sky Quarry's wholly owned subsidiary, Foreland Refining Corporation.
For Sky Quarry, this is much more than another corporate announcement. The company has now moved through a significant period of refinery repairs, upgrades and permitting and is entering a new phase centered on operating the asset, ramping production and building a larger regional energy platform.
And the market noticed.
According to historical market data, SKYQ closed September 24 at $2.91, up 14.57% on approximately 28.2 million shares traded, after reaching an intraday high of $3.48.
TODAY'S BIG NEWS: EAGLE SPRINGS IS BACK
The headline development is straightforward: Sky Quarry has restarted Eagle Springs.
Before the restart, Sky Quarry completed approximately $300,000 of repairs and upgrades identified through a TAR360 assessment commissioned in 2025. The refinery has a stated nameplate capacity of approximately 5,000 barrels of crude oil per day, and the company reported approximately 15,000 barrels of crude oil inventory already on hand, with additional supply expected as operations progress.
That gives Sky Quarry something extremely important: an operating energy asset with the infrastructure already in place.
Management's immediate objective is to ramp Eagle Springs toward its operating potential and increase the contribution of Nevada-refined products to the regional fuel supply. The refinery produces products including diesel, vacuum gas oil, naphtha and liquid paving asphalt.
The distinction is important for investors: 5,000 barrels per day is nameplate capacity, not today's production rate. The company must still demonstrate a sustained ramp-up and consistent operations.
But the transition has begun.
A STRATEGIC ASSET IN AN INCREASINGLY IMPORTANT REGION
Today's announcement arrives against a backdrop that could make existing Western refining infrastructure increasingly significant.
A September 24 industry commentary highlighted the reduction of refining capacity on the West Coast, including the closure of Phillips 66's Los Angeles refinery and the wind-down of Valero's Benicia refinery. The same report noted that California has historically supplied a large portion of Nevada's motor fuel.
That backdrop helps explain why Sky Quarry has repeatedly emphasized the strategic importance of Eagle Springs.
The company has also participated in discussions with Nevada's Fuel Resiliency Committee, and today's announcement reiterates Sky Quarry's intention to remain engaged as Nevada evaluates fuel-supply and infrastructure initiatives.
In other words, Sky Quarry is restarting its refinery at a time when regional fuel infrastructure and supply reliability are receiving heightened attention.
Key elements of today's milestone include:
THE NEXT PIECE OF THE STORY: NEVADA OIL
Perhaps even more interesting is what Sky Quarry is trying to build around Eagle Springs.
The company has been advancing a proposed $50 million Nevada oil exploration and production initiative intended to encourage additional regional crude development and potentially create a lower-cost source of feedstock for Foreland.
Sky Quarry has also highlighted increasing oil-and-gas exploration activity in Nevada, including federal leasing and drilling-permit activity, as potentially supportive of future regional crude supply.
The company points to a U.S. Geological Survey estimate of approximately 1.4 billion barrels of undiscovered, technically recoverable oil resources on federal lands in Nevada.
That figure is not a Sky Quarry reserve or asset, but it illustrates the resource potential management believes could support a broader Nevada energy-development strategy. If additional suitable Nevada crude reaches the market, Eagle Springs could potentially process some of that production in-state.
PR SPRING ADDS A SECOND LONG-TERM GROWTH ENGINE
Sky Quarry's story doesn't end at the refinery.
The company continues discussions surrounding a farm-in opportunity at PR Spring in Utah, along with potential collaboration involving its approximately 7-megawatt power-generation capacity.
PR Spring also represents Sky Quarry's longer-term resource-recovery strategy. The company is developing the facility to recover hydrocarbons and other marketable materials from waste asphalt shingles and oil-bearing resources.
That gives the company exposure to a broader combination of:
Refining + Resource Development + Recycling + Energy Infrastructure.
RECENT MANAGEMENT AND CORPORATE DEVELOPMENTS
The operational restart follows several other important developments.
In July, Sky Quarry appointed Ray Hansen as President of Foreland Refining Corporation. The company described Hansen as a refining-industry veteran with more than 35 years of refinery operations, engineering and leadership experience.
In August, Sky Quarry also appointed Heidi C. Bowman as CFO, bringing more than 20 years of strategic finance experience, including experience in oil and gas and private equity.
And on September 18, shareholders approved the company's proposed reverse-stock-split authorizations and the 2026 Omnibus Incentive Plan. The SEC filing reported that 4,481,963 shares were represented at the meeting against 8,808,017 shares outstanding as of the July 24 record date.
These developments give Sky Quarry a strengthened management structure as the company moves from repair and preparation toward execution and operations.
INVESTOR OUTLOOK: THE STORY HAS CHANGED
The most important development today is that Sky Quarry is no longer simply talking about getting Eagle Springs ready.
Eagle Springs has restarted.
The next chapter is about ramping operations, securing feedstock, producing refined products, serving customers and demonstrating what the refinery can contribute financially.
That creates a series of milestones for investors to watch:
There are certainly risks, including the challenge of sustaining operations, obtaining crude at attractive economics, managing liquidity and proving actual throughput versus nameplate capacity. Sky Quarry itself highlights those risks in its SEC disclosures.
But today's announcement represents a tangible operational milestone.
Sky Quarry has secured the permit.
The repairs are complete.
The crude inventory is on site.
The refinery has restarted.
Now the company gets the opportunity to demonstrate what 5,000 barrels-per-day nameplate infrastructure in an increasingly supply-conscious Western market can become.
For N A S D A Q: SKYQ, September 24, 2026 may ultimately be remembered as the day the Sky Quarry story moved decisively from preparation to production.
And with the refinery now running, Nevada oil development advancing and additional PR Spring opportunities still on the table, the next phase of Sky Quarry's story is just beginning.
For more information on SKYQ visit: https://skyquarry.com
Media Contact
Company Name: Sky Quarry Inc. (N A S D A Q: SKYQ)
Contact Person: Marcus Laun, CEO
Email: [email protected] or [email protected]
Phone: (424) 394-1090
Country: United States
DISCLAIMER: https://corporateads.com/disclaimer/
Disclosure listed on the CorporateAds website
Photos: (Click photo to enlarge)
Source: CorporateAds
Read Full Story - Sky Quarry Restarts Nevada's Only Crude Oil Refinery — A Major New Chapter Begins in This Highly Lucrative sector for N A S D A Q: SKYQ | More news from this source
Press release distribution by PRLog
WOODS CROSS, Utah - Sept. 25, 2026 - PRLog -- Sky Quarry Inc. (N A S D A Q: SKYQ) delivered what may be its most important operational update of 2026 today, announcing that it has received an air permit from the Nevada Division of Environmental Protection and has restarted operations at its Eagle Springs Refinery near Ely, Nevada. The facility is operated through Sky Quarry's wholly owned subsidiary, Foreland Refining Corporation.
For Sky Quarry, this is much more than another corporate announcement. The company has now moved through a significant period of refinery repairs, upgrades and permitting and is entering a new phase centered on operating the asset, ramping production and building a larger regional energy platform.
And the market noticed.
According to historical market data, SKYQ closed September 24 at $2.91, up 14.57% on approximately 28.2 million shares traded, after reaching an intraday high of $3.48.
TODAY'S BIG NEWS: EAGLE SPRINGS IS BACK
The headline development is straightforward: Sky Quarry has restarted Eagle Springs.
Before the restart, Sky Quarry completed approximately $300,000 of repairs and upgrades identified through a TAR360 assessment commissioned in 2025. The refinery has a stated nameplate capacity of approximately 5,000 barrels of crude oil per day, and the company reported approximately 15,000 barrels of crude oil inventory already on hand, with additional supply expected as operations progress.
That gives Sky Quarry something extremely important: an operating energy asset with the infrastructure already in place.
Management's immediate objective is to ramp Eagle Springs toward its operating potential and increase the contribution of Nevada-refined products to the regional fuel supply. The refinery produces products including diesel, vacuum gas oil, naphtha and liquid paving asphalt.
The distinction is important for investors: 5,000 barrels per day is nameplate capacity, not today's production rate. The company must still demonstrate a sustained ramp-up and consistent operations.
But the transition has begun.
A STRATEGIC ASSET IN AN INCREASINGLY IMPORTANT REGION
Today's announcement arrives against a backdrop that could make existing Western refining infrastructure increasingly significant.
A September 24 industry commentary highlighted the reduction of refining capacity on the West Coast, including the closure of Phillips 66's Los Angeles refinery and the wind-down of Valero's Benicia refinery. The same report noted that California has historically supplied a large portion of Nevada's motor fuel.
That backdrop helps explain why Sky Quarry has repeatedly emphasized the strategic importance of Eagle Springs.
The company has also participated in discussions with Nevada's Fuel Resiliency Committee, and today's announcement reiterates Sky Quarry's intention to remain engaged as Nevada evaluates fuel-supply and infrastructure initiatives.
In other words, Sky Quarry is restarting its refinery at a time when regional fuel infrastructure and supply reliability are receiving heightened attention.
Key elements of today's milestone include:
- Nevada air permit secured
- Eagle Springs refinery operations restarted
- Approximately $300,000 in repairs and upgrades completed
- Approximately 15,000 barrels of crude inventory on hand
- 5,000 barrels-per-day stated nameplate capacity
- Additional crude supply expected as operations progress
THE NEXT PIECE OF THE STORY: NEVADA OIL
Perhaps even more interesting is what Sky Quarry is trying to build around Eagle Springs.
The company has been advancing a proposed $50 million Nevada oil exploration and production initiative intended to encourage additional regional crude development and potentially create a lower-cost source of feedstock for Foreland.
Sky Quarry has also highlighted increasing oil-and-gas exploration activity in Nevada, including federal leasing and drilling-permit activity, as potentially supportive of future regional crude supply.
The company points to a U.S. Geological Survey estimate of approximately 1.4 billion barrels of undiscovered, technically recoverable oil resources on federal lands in Nevada.
That figure is not a Sky Quarry reserve or asset, but it illustrates the resource potential management believes could support a broader Nevada energy-development strategy. If additional suitable Nevada crude reaches the market, Eagle Springs could potentially process some of that production in-state.
PR SPRING ADDS A SECOND LONG-TERM GROWTH ENGINE
Sky Quarry's story doesn't end at the refinery.
The company continues discussions surrounding a farm-in opportunity at PR Spring in Utah, along with potential collaboration involving its approximately 7-megawatt power-generation capacity.
PR Spring also represents Sky Quarry's longer-term resource-recovery strategy. The company is developing the facility to recover hydrocarbons and other marketable materials from waste asphalt shingles and oil-bearing resources.
That gives the company exposure to a broader combination of:
Refining + Resource Development + Recycling + Energy Infrastructure.
RECENT MANAGEMENT AND CORPORATE DEVELOPMENTS
The operational restart follows several other important developments.
In July, Sky Quarry appointed Ray Hansen as President of Foreland Refining Corporation. The company described Hansen as a refining-industry veteran with more than 35 years of refinery operations, engineering and leadership experience.
In August, Sky Quarry also appointed Heidi C. Bowman as CFO, bringing more than 20 years of strategic finance experience, including experience in oil and gas and private equity.
And on September 18, shareholders approved the company's proposed reverse-stock-split authorizations and the 2026 Omnibus Incentive Plan. The SEC filing reported that 4,481,963 shares were represented at the meeting against 8,808,017 shares outstanding as of the July 24 record date.
These developments give Sky Quarry a strengthened management structure as the company moves from repair and preparation toward execution and operations.
INVESTOR OUTLOOK: THE STORY HAS CHANGED
The most important development today is that Sky Quarry is no longer simply talking about getting Eagle Springs ready.
Eagle Springs has restarted.
The next chapter is about ramping operations, securing feedstock, producing refined products, serving customers and demonstrating what the refinery can contribute financially.
That creates a series of milestones for investors to watch:
- Refinery ramp-up and sustained operations
- Crude supply and feedstock availability
- Utilization and refined-product sales
- Progress on the $50 million Nevada oil initiative
- PR Spring farm-in and development discussions
- Potential expansion of Nevada crude production
There are certainly risks, including the challenge of sustaining operations, obtaining crude at attractive economics, managing liquidity and proving actual throughput versus nameplate capacity. Sky Quarry itself highlights those risks in its SEC disclosures.
But today's announcement represents a tangible operational milestone.
Sky Quarry has secured the permit.
The repairs are complete.
The crude inventory is on site.
The refinery has restarted.
Now the company gets the opportunity to demonstrate what 5,000 barrels-per-day nameplate infrastructure in an increasingly supply-conscious Western market can become.
For N A S D A Q: SKYQ, September 24, 2026 may ultimately be remembered as the day the Sky Quarry story moved decisively from preparation to production.
And with the refinery now running, Nevada oil development advancing and additional PR Spring opportunities still on the table, the next phase of Sky Quarry's story is just beginning.
For more information on SKYQ visit: https://skyquarry.com
Media Contact
Company Name: Sky Quarry Inc. (N A S D A Q: SKYQ)
Contact Person: Marcus Laun, CEO
Email: [email protected] or [email protected]
Phone: (424) 394-1090
Country: United States
DISCLAIMER: https://corporateads.com/disclaimer/
Disclosure listed on the CorporateAds website
Photos: (Click photo to enlarge)
Source: CorporateAds
Read Full Story - Sky Quarry Restarts Nevada's Only Crude Oil Refinery — A Major New Chapter Begins in This Highly Lucrative sector for N A S D A Q: SKYQ | More news from this source
Press release distribution by PRLog
More News
Sep 25, 2026
U.N. Releases New List of Companies It Says Do Business With Israeli Settlements
Israel condemned the database of firms tied to activity in the occupied West Bank as a “political tool” to advance “a smear campaign.”
Sep 25, 2026
Distributor of Recalled Meat Worked for Years Without Proper Permits
Star Meat Delivery did not complete the requirements necessary to process food, the Agriculture Department said.
Sep 25, 2026
Why a U.S. Diesel Export Ban May Not Lower Prices
President Trump has said he is considering restricting overseas sales of the fuel to bring down domestic prices, but experts say the policy will have many unintended effects.
Sep 25, 2026
Sunkist Fruit Gems, Staple Candy of Bar Mitzvah Tradition, Are Discontinued
The jelly candies were a staple at bar and bat mitzvahs and other Jewish celebrations for generations.
Sep 25, 2026
Save or Overpay? What to do with your mortgage if interest rates rise
Save or Overpay? What to do with your mortgage if interest rates rise
Sep 25, 2026
Xi Jinping Didn’t Bring a CEO Entourage. What That Says About China-US Relations.
American chief executives turned out in force to see Xi Jinping, while their Chinese counterparts were absent, a sign of how drastically business ties have changed.
Sep 25, 2026
Why the Canvas Tote Became Fashion’s Ultimate Status Signal
From museum exhibitions and literary imprints to luxury hotels and gourmet grocers, the canvas tote has evolved into a remarkably democratic expression of taste, travel, culture and insider status. The post Why the Canvas Tote Became Fashion’s Ultimate Status Signal appeared first on Business Traveller.
Sep 25, 2026
China’s Truce With Trump Buys It Valuable Time
Easing tensions with Washington gives Beijing room to tackle economic troubles at home while reducing its vulnerability to American pressure.
Sep 25, 2026
CNN and CBS Resume White House Coverage After Standoff
Crews from CBS and CNN covered two events on Friday with President Trump and the Chinese leader, Xi Jinping.
Sep 25, 2026
The World Needs Better Power Grids. Why Smaller May Be Better.
Jonas Birgersson, a Swedish entrepreneur, wants to use decentralized networks modeled on the internet to transform how electricity is distributed.
Sep 25, 2026
Uber’s Ash Kebriti on Robotaxis, EVs and the Future of Business Travel
Alice Henderson talks to Ash Kebriti about Uber’s new era of transformation, and plans for the future The post Uber’s Ash Kebriti on Robotaxis, EVs and the Future of Business Travel appeared first on Business Traveller.
Sep 25, 2026
Trump and Xi exchange warm words at state dinner but little progress on key issues
Despite diplomatic niceties and gifts, little was shared on substantial issues separating the leaders.
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.