Sky Quarry Confirms Production at Nevada Refinery Amid Strong Diesel Demand

Sky Quarry announced that refined petroleum production is underway at its Eagle Springs Refinery near Ely, Nevada, operated by wholly owned subsidiary Foreland Refining Corporation. The restart follows receipt of its Nevada air permit in September and completion of repairs; the 5,000 barrel-per-day facility is Nevada's only crude oil refinery, producing diesel, vacuum gas oil, naphtha and paving asphalt. Management flagged a favorable diesel backdrop, with Salt Lake City crack spreads of roughly $133-136 per barrel versus about $33 in January, though actual margins will depend on feedstock costs and realized prices.

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