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SEGMENT INFORMATION (Details) - USD ($)
3 Months Ended 9 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues:        
Revenues $ 1,319,000 $ 8,472,000 $ 8,602,000 $ 11,892,000
Interest income 21,000 17,000 57,000 39,000
Total revenues 1,340,000 8,489,000 8,659,000 11,931,000
Depletion, depreciation, and amortization:        
Depletion, depreciation, and amortization 234,000 448,000 942,000 1,201,000
Impairment of oil and natural gas properties 0 1,154,000 0 1,154,000
Operating profit (loss) (before general and administrative expenses):        
Operating profit (loss) 399,000 812,000 3,314,000 558,000
Equity in income (loss) of affiliates:        
Equity in (loss) income of affiliates (31,000) 2,200,000 2,125,000 2,616,000
General and administrative expenses (1,344,000) (1,709,000) (5,119,000) (5,145,000)
Interest expense (1,000) (19,000) (7,000) (85,000)
Interest income 21,000 17,000 57,000 39,000
(Loss) earnings before income taxes (956,000) 1,301,000 370,000 (2,017,000)
Oil and natural gas        
Revenues:        
Revenues 940,000 768,000 3,490,000 2,237,000
Depletion, depreciation, and amortization:        
Depletion, depreciation, and amortization 145,000 351,000 672,000 930,000
Impairment of oil and natural gas properties 0 1,154,000 0 1,154,000
Operating profit (loss) (before general and administrative expenses):        
Operating profit (loss) 175,000 (1,494,000) 552,000 (2,357,000)
Land investment        
Revenues:        
Revenues 0 1,775,000 1,678,000 2,255,000
Operating profit (loss) (before general and administrative expenses):        
Operating profit (loss) 0 1,775,000 1,678,000 2,255,000
Contract drilling        
Revenues:        
Revenues 360,000 120,000 3,346,000 1,502,000
Depletion, depreciation, and amortization:        
Depletion, depreciation, and amortization 69,000 64,000 205,000 187,000
Operating profit (loss) (before general and administrative expenses):        
Operating profit (loss) (302,000) (207,000) 534,000 (116,000)
Residential Real Estate        
Revenues:        
Revenues 0 5,700,000 0 5,700,000
Operating profit (loss) (before general and administrative expenses):        
Operating profit (loss) 0 190,000 0 190,000
Other        
Revenues:        
Revenues 19,000 109,000 88,000 198,000
Depletion, depreciation, and amortization:        
Depletion, depreciation, and amortization 20,000 33,000 65,000 84,000
Operating profit (loss) (before general and administrative expenses):        
Operating profit (loss) (1,000) 76,000 23,000 114,000
Intersegment Eliminations        
Revenues:        
Revenues     0  
Gain (Loss) on Sale of Assets        
Operating profit (loss) (before general and administrative expenses):        
Operating profit (loss) $ 527,000 $ 472,000 $ 527,000 $ 472,000