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SEGMENT INFORMATION (Details) - USD ($)
3 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Revenues:    
Revenue, Net $ 1,823,000 $ 4,280,000
Interest income 33,000 10,000
Total revenues 1,856,000 4,290,000
Depletion, depreciation, and amortization:    
Depletion, depreciation, and amortization 280,000 324,000
Operating profit (loss) (before general and administrative expenses):    
Operating profit (loss) 64,000 1,946,000
Equity in income (loss) of affiliates:    
Equity in (loss) income of affiliates (153,000) 2,326,000
General and administrative expenses (1,481,000) (2,027,000)
Interest income 33,000 10,000
Earnings (loss) before income taxes (1,537,000) 2,255,000
Oil and natural gas    
Revenues:    
Revenue, Net 953,000 1,141,000
Depletion, depreciation, and amortization:    
Depletion, depreciation, and amortization 199,000 235,000
Operating profit (loss) (before general and administrative expenses):    
Operating profit (loss) 96,000 60,000
Land investment    
Revenues:    
Revenue, Net 0 1,678,000
Operating profit (loss) (before general and administrative expenses):    
Operating profit (loss) 0 1,678,000
Contract drilling    
Revenues:    
Revenue, Net 842,000 1,406,000
Depletion, depreciation, and amortization:    
Depletion, depreciation, and amortization 61,000 66,000
Operating profit (loss) (before general and administrative expenses):    
Operating profit (loss) (40,000) 176,000
Other    
Revenues:    
Revenue, Net 28,000 55,000
Depletion, depreciation, and amortization:    
Depletion, depreciation, and amortization 20,000 23,000
Operating profit (loss) (before general and administrative expenses):    
Operating profit (loss) 8,000 $ 32,000
Intersegment Eliminations    
Revenues:    
Revenue, Net $ 0