Sky Quarry Seeks Partners for 180M-Barrel PR Spring Oil Sands with $4–5M CapEx
Sky Quarry issued an RFP to partner on its fully permitted PR Spring oil sands asset in Utah, which features a 180-million-barrel resource and $60 million of processing infrastructure. The feasibility study indicates 1.5 million tons/year feedstock capacity, 2,000 bpd output at $35/barrel, and just $4–5 million in CapEx.
1. RFP Issued for PR Spring Development
Sky Quarry has issued a Request for Proposals to secure a partner for its fully permitted PR Spring facility in Utah, targeting accelerated commercialization of an estimated 180-million-barrel oil sands resource across 5,900 acres.
2. Asset Capacity and Economics
Prior engineering work outlines processing capacity of 1.5 million tons per year, production potential of approximately 2,000 barrels per day of heavy oil, and an expected production cost of $35 per barrel, supported by $60 million of existing infrastructure investment.
3. Minimal Capital Requirements
The company estimates only $4–5 million of additional capital expenditure is needed to achieve production readiness, providing partners exposure to a large-scale domestic resource with defined economics and limited exploration risk.
4. Integrated Refining Opportunity
Sky Quarry’s Foreland Refinery in Nevada offers a permitted downstream pathway, enabling an integrated supply chain for diesel, vacuum gas oil, naphtha, and asphalt products in Western U.S. markets facing refining capacity constraints.