Sky Quarry Restarts Nevada's Only Crude Oil Refinery Eagle Springs

Key Facts

In a move that strengthens domestic energy refining capabilities, Sky Quarry Inc. has officially announced the restart of operations at its Eagle Springs Refinery in Nevada. This operational resumption follows the receipt of a critical air permit from the Nevada Division of Environmental Protection, marking a significant milestone for the company’s resource development. According to reports, this facility stands as the only crude oil refinery in the state, positioning it as a strategic asset for regional refined product supply.

The operational restart follows the completion of approximately $300,000 in repairs and upgrades identified through technical assessments conducted in the previous year to ensure facility efficiency. The refinery, operated through the subsidiary Foreland Refining Corporation, produces a range of products including diesel, naphtha, and liquid paving asphalt. Per market data, SKYQ stock closed at $2.54 on September 23, 2026, with the session seeing a range between a low of $2.53 and a high of $2.68.

Traders are now monitoring the company's ability to sustain operations and scale production levels amid current economic conditions. Based on the closing levels on September 23, 2026, the stock is navigating a tight volatility range near its recent lows. Markets are also looking ahead to upcoming US economic data, including Initial Jobless Claims, to gauge broader industrial activity and its subsequent impact on domestic energy demand.