Core Viewpoint - PBF Energy Inc. plans to offer $750 million in senior notes due 2030 to repay outstanding borrowings and for general corporate purposes [1] Group 1: Offering Details - The senior notes will be offered in a private placement and are expected to be resold to qualified institutional buyers under Rule 144A and to non-U.S. persons outside the United States under Regulation S [2] - The offering will be made only by means of a private offering memorandum and has not been registered under the Securities Act or any applicable state securities laws [2][3] Group 2: Company Overview - PBF Energy Inc. is one of the largest independent refiners in North America, operating oil refineries and related facilities in multiple states including California, Delaware, Louisiana, New Jersey, and Ohio [5] - The company aims to operate its facilities safely and responsibly, provide a rewarding workplace for employees, positively influence local communities, and deliver superior returns to investors [5] Group 3: Joint Ventures - PBF Energy is a 50% partner in the St. Bernard Renewables joint venture, which focuses on producing next-generation sustainable fuels [6]

Core Viewpoint - Sky Quarry Inc. forecasts a potential fuel shortage in Nevada due to production disruptions, regulatory actions, and rising demand, positioning itself to ramp up production to address this gap [1][5]. Group 1: Market Conditions - Nevada imports approximately 150,000 barrels of transportation fuel daily, with California supplying about 88% of Nevada's fuel needs [2]. - Recent disruptions, including the explosion at the Martinez refinery, which accounts for 9.64% of California's refining capacity, are tightening fuel supply [2]. - California's ABX2-1 law may further reduce refinery output, impacting fuel availability in Nevada and Arizona [3]. Group 2: Company Positioning - Sky Quarry's Foreland Refinery is the only crude oil refinery in Nevada, currently operating below full capacity but plans to increase production in 2025 [5]. - The company aims to utilize its 4,500-5,000 barrel-per-day refining capacity to stabilize the regional fuel market and benefit from rising refining margins [5]. - CEO David Sealock emphasizes the company's critical role in stabilizing the regional fuel supply amid supply disruptions in California [6]. Group 3: Industry Trends - The Nevada fuel market is tightening due to rising demand from expanding industrial sectors like mining, which are crucial to the state's economy [4]. - California imports 59% of its crude oil and fuels, averaging 850,000 barrels daily in 2022, indicating a reliance on external sources that could be affected by proposed tariffs [3].