Sky Quarry Received Permit to Restart Nevada Refinery
The Nevada Division of Environmental Protection authorized the reopening of the Eagle Springs oil refinery.
Updated on Sept. 24, 2026 in Oil and Gas
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Sky Quarry has secured an air permit from the Nevada Division of Environmental Protection, clearing the way for the company to restart operations at the Eagle Springs crude oil refinery. The facility, which is operated by Foreland Refining Corporation, is now preparing to return to its maximum processing capacity.
Why it matters
The permit approval allows the company to resume operations and push the facility toward full production, tapping into regional assets. Federal estimates indicate that there are 1.4 billion barrels of undiscovered, recoverable oil located beneath Nevada public lands.
The refinery has a maximum processing capacity of 5,000 barrels of crude oil daily and currently holds 15,000 barrels in storage. Sky Quarry shares rose 12.20% to $2.85 on September 24, 2026.
The players
Sky Quarry
This energy company holds 15,000 barrels of crude in storage and manages the operations at the Eagle Springs refinery.
Nevada Division of Environmental Protection
This state agency is responsible for overseeing environmental regulations and issued the air permit required to restart the refinery.
Foreland Refining Corporation
This corporation acts as the operator for the Eagle Springs refinery facility.
The details
To prepare for the restart, the company completed $300,000 in repairs and upgrades that were identified during a 2025 inspection. These infrastructure improvements were essential for the facility to meet the regulatory standards required for the new air permit.
Timeline
Facility inspections in 2025 identified necessary repairs.
Sky Quarry stock rose 12.20% on September 24, 2026.
Market Landscape
The reactivation of the Eagle Springs site follows a period of facility upgrades, positioning the company to capitalize on untapped regional energy resources. This development marks a transition toward higher production levels amidst broader industry focus on domestic resource recovery.
The restart of this facility could lead to increased regional supply and job activity in the area near Ely. Local stakeholders and investors may see continued shifts in company valuation as the refinery moves toward full production capacity.
The takeaway
Companies restarting legacy energy infrastructure must often prioritize significant capital investment in facility repairs to meet modern environmental standards. Monitoring the output capacity of newly permitted refineries provides insight into the actualized production potential of state land reserves.
Further reading
For more on the state's energy sector, visit the Oil and Gas section.
Source note: This article includes information reported by Benzinga.
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