Sky Quarry flags rising Nevada oil exploration as potential new crude supply for Foreland refinery - SKYQ News | RalliesSky Quarry flags rising Nevada oil exploration as potential new crude supply for Foreland refinery
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SKYQ• Nevada exploration could support Foreland refinery crude supply
- Sky Quarry flagged a pickup in Nevada oil exploration activity as a potential new in-state crude supply source for its Foreland refinery.
- BLM completed two Nevada oil and gas lease sales in H1 2026 covering 30,168 acres; all parcels attracted bids, including four acquired by Reanco.
- Two Nevada exploration wells secured federal and state permits: Trap Springs 11-42 in Railroad Valley, and North Diamond Valley Unit 1-A near Elko.
- USGS estimated a mean 1.407 billion barrels of undiscovered, technically recoverable oil under Nevada federal lands in a 2025 assessment.
- Foreland’s Eagle Springs refinery near Ely trucks in crude; closer Nevada supply could lower delivered costs, diversify feedstock, and lift utilization.
