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SEGMENT INFORMATION (Details) - USD ($)
3 Months Ended 9 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues:        
Revenue, Net $ 5,184,000 $ 6,802,000 $ 14,675,000 $ 21,874,000
Interest income 19,000 8,000 52,000 18,000
Total revenues 5,203,000 6,810,000 14,727,000 21,892,000
Depletion, depreciation, and amortization:        
Depletion, depreciation, and amortization 801,000 1,296,000 2,648,000 5,364,000
Operating profit (before general and administrative expenses):        
Operating profit 2,033,000 2,127,000 4,239,000 6,067,000
Equity in income (loss) of affiliates:        
Equity in income (loss) of affiliates 988,000 (113,000) 1,444,000 (376,000)
General and administrative expenses (1,891,000) (1,844,000) (6,270,000) (6,049,000)
Interest expense (76,000) (165,000) (248,000) (520,000)
Interest income 19,000 8,000 52,000 18,000
Income (loss) before income taxes 1,073,000 13,000 (783,000) (860,000)
Oil and natural gas        
Revenues:        
Revenue, Net 2,196,000 4,619,000 7,260,000 16,343,000
Depletion, depreciation, and amortization:        
Depletion, depreciation, and amortization 707,000 1,187,000 2,362,000 5,043,000
Operating profit (before general and administrative expenses):        
Operating profit (46,000) 1,321,000 (78,000) 4,526,000
Land investment        
Revenues:        
Revenue, Net 1,266,000 258,000 3,115,000 378,000
Operating profit (before general and administrative expenses):        
Operating profit 1,266,000 258,000 3,115,000 378,000
Contract drilling        
Revenues:        
Revenue, Net 1,415,000 1,548,000 3,839,000 4,475,000
Depletion, depreciation, and amortization:        
Depletion, depreciation, and amortization 66,000 79,000 207,000 235,000
Operating profit (before general and administrative expenses):        
Operating profit 534,000 201,000 820,000 571,000
Other        
Revenues:        
Revenue, Net 307,000 377,000 461,000 678,000
Depletion, depreciation, and amortization:        
Depletion, depreciation, and amortization 28,000 30,000 79,000 86,000
Operating profit (before general and administrative expenses):        
Operating profit $ 279,000 $ 347,000 382,000 $ 592,000
Intersegment Eliminations        
Revenues:        
Revenue, Net     $ 0