Sky Quarry Receives Nevada Regulator's Air Permit To Restart Its Eagle Springs Refinery

With Diesel Margins Stretched, Production Is Underway at Nevada’s Only Crude Oil Refinery

U.S. diesel prices reached $6.276/gallon in October 2026, with tight global supply and elevated crack spreads expected to persist through 2027. Sky Quarry's Eagle Springs Refinery in Nevada began production with crack spreads of $133-$136/barrel, while major refiners including PBF Energy, CVR Energy, Marathon Petroleum, and Calumet reported strong second-quarter results driven by robust refining margins amid global distillate fuel shortages.

Sky Quarry Inc. Commences Refined Petroleum Production at Eagle Springs Refinery

Sky Quarry Inc. has officially initiated refined petroleum production at its Eagle Springs Refinery in Nevada, operated by its subsidiary Foreland Refining Corporation.

8-K filing — Sky Quarry Inc. (SKYQ)

Filed: 2026-10-09 AccNo: 0001096906-26-001527 Size: 265 KB Item 1.01: Entry into a Material Definitive Agreement Item 3.02: Unregistered Sales of Equity Securities Item 9.01: Financial Statements and Exhibits

Shares of oil refining and marketing companies are trading lower after G7 governments agreed to release up to 100 million barrels combined of diesel fuel and crude, which will ease shortages and squeeze refining margins.