Sky Quarry Seeks Partners for 180 Million-Barrel Utah Oil Sands Resource
Sky Quarry issued a Request for Proposals to develop its 180 million-barrel PR Spring oil sands resource in Utah, with a $60 million processing facility, $35 per barrel production cost and 2,000-barrel-per-day capacity requiring $4–5 million to reach production. Q1 refining results from Par Pacific and peers confirm tight margins.
1. RFP Announcement
Sky Quarry issued a Request for Proposals to engage development partners for its PR Spring asset, aiming to accelerate commercialization of 180 million barrels of oil sands resource on 5,900 acres in the Uinta Basin of Utah.
2. PR Spring Asset Details
PR Spring site includes a constructed processing facility built with $60 million of investments, engineered for 1.5 million tons per year of feedstock, estimated $35 per barrel production cost, and 2,000 barrels-per-day heavy oil output when fully developed.
3. Refinery Integration Potential
Sky Quarry holds a 100% working interest and projects $4–5 million of incremental capital expenditure to reach production readiness, with potential direct feedstock integration into its 5,000-bpd Foreland refinery in Nevada.
4. Margin Environment Context
Q1 2026 refining results for major independents, including Par Pacific, confirm structurally tight margins on the U.S. West Coast, underpinning the strategic value of securing domestic feedstock and refining capacity.