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Sky Quarry Issues Request for Proposals to Accelerate Development of One Hundred Eighty Million Barrel PR Spring Oil Sands Asset Amid Tightening Western U.S. Fuel Supply
WOODS CROSS, UT / ACCESS Newswire / April 29, 2026 / Sky Quarry Inc. (NASDAQ:SKYQ) ("Sky Quarry" or the "Company"), an integrated energy and environmental remediation company, announced today that it is issuing a Request for Proposals (RFP) to engage ...
About this update from Sky Quarry Inc.
[{"type":"text","content":"WOODS CROSS, UT / ACCESS Newswire / April 29, 2026 / Sky Quarry Inc. (NASDAQ:SKYQ) ("Sky Quarry" or the "Company"), an integrated energy and environmental remediation company, announced today that it is issuing a Request for Proposals (RFP) to engage partners seeking production opportunities to accelerate the development and commercialization of its ~180-million-barrel oil sands resource at its fully permitted PR Spring facility in Utah. The asset spans approximately 5,900 acres and includes a constructed processing facility representing over $50 million in prior investments.","length":602,"tagName":"p"},{"type":"text","content":"The PR Spring asset is supported by prior engineering and feasibility work that outlines meaningful production potential at scale, including:","length":141,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"~1.5 million tons per year of feedstock processing capacity","length":59,"tagName":"p"}]},{"val":[{"type":"text","content":"~2,000 barrels per day of heavy oil production capacity upon development","length":72,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":131,"olType":false},{"type":"text","content":"(August Brown, LLC feasibility study, October 2022)","length":51,"tagName":"p"},{"type":"text","content":"Based on the scale of the opportunity and strong feasibility results, Sky Quarry is seeking proposals from industry and capital partners to accelerate the development and commercialization of this large-scale domestic resource, offering participation in a permitted, infrastructure-backed asset with defined production potential.","length":329,"tagName":"p"},{"type":"text","content":"PR Spring is located near Vernal, Utah, in the Uinta Basin, one of the primary oil and natural gas producing regions in the Western United States. The Western fuel market operates with limited refining capacity and constrained infrastructure. Refinery closures, regulatory pressure, and limited new capacity have tightened supply and increased the demand for domestic resource development. In this environment, permitted, development-ready projects capable of contributing new supply are increasingly attractive.","length":512,"tagName":"p"},{"type":"text","content":""We have been making steady progress at PR Spring to better position the asset for development,"...