Woods Cross, Utah – September 24, 2026 -- Sky Quarry Inc. (NASDAQ: SKYQ) has restarted its Eagle Springs Refinery near Ely, Nevada, the only crude oil refinery in the state, after receiving an air permit from the Nevada Division of Environmental Protection.
The restart follows the loss of two major West Coast refineries within roughly a year. Phillips 66 ended refining at its Los Angeles plant in late 2025 and Valero wound down refining at its Benicia site in early 2026; together the two facilities had accounted for about 17% of California's refining capacity and 11% of PADD 5 capacity, according to the U.S. Energy Information Administration.
Nevada depends on California for roughly 86% of its motor fuel
Reporting cited by The Center Square puts Nevada's reliance on California-refined fuel at approximately 86%, with no in-state refining hub of comparable scale. Governor Joe Lombardo's office has described the state as entirely dependent on imported transportation fuel, prompting the creation of a Fuel Resiliency Committee under the Nevada Commission on Homeland Security, approved in December 2025 and first convened in January 2026 with participation from HF Sinclair, Marathon Petroleum and PBF Energy.
Eagle Springs adds 5,000 barrels per day of in-state capacity
Sky Quarry's subsidiary, Foreland Refining Corporation, operates Eagle Springs at a stated nameplate capacity of approximately 5,000 barrels of crude oil per day. The company completed roughly $300,000 in repairs and upgrades identified through a 2025 TAR360 assessment ahead of the restart and reported approximately 15,000 barrels of crude oil inventory on hand, with additional supply expected as operations progress.
"Nevada has relied on fuel refined elsewhere for too long,