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JUNEAU, Alaska - Oil companies say Alaska breached a deal when it revoked gas and oil leases on a North Slope oil field and should pay $800 million in damages.
| XOM | 76.14 |  -1.88 |
Exxon Mobil Corp. filed the claim Monday with the Alaska Department of Natural Resources on behalf of itself and lease partners over the revocation of Point Thomson oil and gas leases.
Separately, the company filed a request for reconsideration of a gas field development plan it submitted that was rejected by Resources Commissioner Tom Irwin last month. Irwin did not immediately return a message seeking comment.
Exxon's filing were first reported Monday by Anchorage television station KTVA.
Point Thomson holds nearly one-fourth of the 35 trillion cubic feet of natural gas reserves the state and the industry hope to one day ship in a gas line to Midwestern markets.
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