SEGMENT INFORMATION

6 Months Ended

Mar. 31, 2017

Segment Reporting [Abstract]

SEGMENT INFORMATION

SEGMENT INFORMATION

Barnwell operates the following segments: 1) acquiring, developing, producing and selling oil and natural gas in Canada (oil and natural gas); 2) investing in land interests in Hawaii (land investment); and 3) drilling wells and installing and repairing water pumping systems in Hawaii (contract drilling).

The following table presents certain financial information related to Barnwell’s reporting segments. All revenues reported are from external customers with no intersegment sales or transfers.

	Three months ended   March 31,						Six months ended   March 31,
	2017			2016			2017			2016
Revenues:
Oil and natural gas	$	1,409,000		$	621,000		$	2,550,000		$	1,469,000
Land investment	—			330,000			1,678,000			480,000
Contract drilling	1,580,000			550,000			2,986,000			1,382,000
Other	14,000			47,000			69,000			89,000
Total before interest income	3,003,000			1,548,000			7,283,000			3,420,000
Interest income	26,000			20,000			36,000			22,000
Total revenues	$	3,029,000		$	1,568,000		$	7,319,000		$	3,442,000
Depletion, depreciation, and amortization:
Oil and natural gas	$	292,000		$	305,000		$	527,000		$	579,000
Contract drilling	70,000			62,000			136,000			123,000
Other	22,000			24,000			45,000			51,000
Total depletion, depreciation, and amortization	$	384,000		$	391,000		$	708,000		$	753,000
Operating profit (loss) (before general and administrative expenses):
Oil and natural gas	$	317,000		$	(698,000	)	$	377,000		$	(863,000	)
Land investment	—			330,000			1,678,000			480,000
Contract drilling	660,000			(130,000		)	836,000			91,000
Other	(8,000		)	23,000			24,000			38,000
Total operating profit (loss)	969,000			(475,000		)	2,915,000			(254,000		)
Equity in (loss) income of affiliates:
Land investment	(170,000		)	253,000			2,156,000			416,000
General and administrative expenses	(1,752,000		)	(1,574,000		)	(3,775,000		)	(3,436,000		)
Interest expense	(2,000		)	(33,000		)	(6,000		)	(66,000		)
Interest income	26,000			20,000			36,000			22,000
(Loss) earnings before income taxes	$	(929,000	)	$	(1,809,000	)	$	1,326,000		$	(3,318,000	)