- Associated Press - Friday, April 22, 2016

JUNEAU, Alaska (AP) - Exxon Mobil Corp. says it has commenced production from the Point Thomson petroleum field on Alaska’s North Slope.

In a release, the company says that at full production, the facility is designed to produce up to 10,000 barrels per day of natural gas condensate and 200 million cubic feet of recycled gas that can be re-injected for future recovery.

The state in 2012 reached a settlement with companies including Exxon, BP and ConocoPhillips in a long-running dispute over Point Thomson leases. The state has said Point Thomson contains about one-quarter of the North Slope’s gas reserves and is critical to any major gas commercialization project.

The state has been pursuing a major liquefied natural gas project with Exxon, BP and ConocoPhillips.

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