Petroteq Energy Inc., through its subsidiaries, engages in the oil sands mining and oil extraction operations in the United States. The company mines and extracts oil from tar sands. It holds rights to mine, extract, and produce oil and associated hydrocarbons and minerals from oil sands containing heavy oil and bitumen under mineral leases covering approximately 2,541.76 acres in the Asphalt Ridge area of Utah, including 1,229.82 acres held under the TMC Mineral Lease and an additional 833.03 and 478.91 acres, respectively, held under the State of Utah's School and Institutional Trust Land Administration Leases. The company also operates rights under five leases covering lands consisting of approximately 5,960 acres situated in Uintah, Wayne, and Garfield Counties, Utah. In addition, it is developing a blockchain-powered supply chain management platform for the oil and gas industry. The company was formerly known as MCW Energy Group Limited and changed its name to Petroteq Energy Inc. in May 2017. Petroteq Energy Inc. is based in Sherman Oaks, California.