Sky Quarry Launches Crude Oil Drilling And Production Initiative In Nevada's Railroad Valley

The Company's Foreland Refinery, Nevada's only operating refinery, provides a direct in-state outlet for local crude production.

WOODS CROSS, UT / ACCESS Newswire / June 3, 2026 / Sky Quarry Inc. (NASDAQ:SKYQ) ("Sky Quarry" or the "Company"), an energy infrastructure company focused on domestic refining and resource development, today announced that it is launching a crude oil drilling and production initiative in Nevada's Railroad Valley - the state's primary oil-producing region - and that it intends to refine that crude at its Foreland Refinery, the only operating refinery in Nevada.

According to a 2025 U.S. Geological Survey assessment, Nevada holds approximately 1.4 billion barrels of undiscovered, technically recoverable oil beneath federal lands, the third largest such resource of any state, behind only Alaska and New Mexico.1 Yet despite sitting atop that resource, Nevada today imports more than 90% of its transportation fuels, much of it from supply-constrained California. Sky Quarry intends to help close that gap.