Sky Quarry Invites Partnerships on 180 Million-Barrel Utah Oil Sands with $60 M Facility
Sky Quarry solicited partners for its fully permitted 180 million-barrel PR Spring oil sands project in Utah, which features a $60 million processing plant, 1.5 million tpy capacity, $35/barrel production cost and 2,000 bpd output. It plans $4–5 million in additional capex to reach readiness and supply its Nevada refinery.
1. RFP Details and Asset Overview
Sky Quarry has issued an RFP to engage partners for its 180-million-barrel oil sands resource at the fully permitted PR Spring facility in Utah’s Uinta Basin, spanning 5,900 acres. The asset includes a constructed processing plant valued at $60 million, with engineering indicating 1.5 million tpy feedstock capacity, $35 per barrel operating cost and 2,000 bpd output when fully developed.
2. Capital Expenditure and Development Plan
The company holds 100% working interest and estimates $4–5 million in incremental capex is needed to reach production readiness. That funding will support final commissioning and scale-up activities to achieve steady heavy oil output.
3. Integration with Nevada Refinery
PR Spring’s output is designed for direct feed into Sky Quarry’s 5,000 bpd Foreland Refinery in Nevada, the state’s only operating refinery. This integration promises streamlined logistics, cost savings and enhanced control over downstream processing.
4. Strategic Context and Policy Environment
This RFP follows earlier 2026 strategic initiatives, including turbine power monetization proposals and system upgrades at Foreland. It also aligns with federal policy favoring domestic refining capacity, as presidential determinations under the Defense Production Act expedite energy infrastructure development.