180 Million Barrels of Utah Oil Sands Resource Under Development by Sky Quarry
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Sky Quarry, Inc. has announced a Request for Proposals (RFP) to engage partners for the development of its 180-million-barrel oil sands resource at the PR Spring facility in Utah. The facility, which has a constructed processing plant and an estimated production cost of $35 per barrel, aims to produce 2,000 barrels per day when fully operational. The company holds a 100% working interest and estimates an additional $4 to $5 million in capital expenditure to reach production readiness. This initiative aligns with recent federal policies supporting domestic refining and energy infrastructure.
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