Sky Quarry flags rising Nevada oil exploration as potential new crude supply for Foreland refinery

Reuters2026/08/04 09:00

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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, 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, lift utilization.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sky Quarry Inc. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 202608040500ACCESSWRNAPR_____1201097) on August 04, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Sky Quarry flags rising Nevada oil exploration as potential new crude supply for Foreland refinery

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