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SEGMENT INFORMATION (Details) - USD ($)
3 Months Ended 6 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Mar. 31, 2018
Mar. 31, 2017
Revenues:        
Revenues $ 1,917,000 $ 3,003,000 $ 3,740,000 $ 7,283,000
Interest income 58,000 26,000 91,000 36,000
Total revenues 1,975,000 3,029,000 3,831,000 7,319,000
Depletion, depreciation, and amortization:        
Depletion, depreciation, and amortization 227,000 384,000 507,000 708,000
Asset Impairment Charges        
Impairment of assets 37,000 0 37,000 0
Operating profit (loss) (before general and administrative expenses):        
Operating profit (loss) 2,445,000 969,000 2,509,000 2,915,000
Equity in income (loss) of affiliates:        
Equity in (loss) income of affiliates (80,000) (170,000) (233,000) 2,156,000
General and administrative expenses (1,563,000) (1,754,000) (3,044,000) (3,781,000)
Interest income 58,000 26,000 91,000 36,000
Earnings (loss) before income taxes 860,000 (929,000) (677,000) 1,326,000
Oil and natural gas        
Revenues:        
Revenues 859,000 1,409,000 1,812,000 2,550,000
Depletion, depreciation, and amortization:        
Depletion, depreciation, and amortization 157,000 292,000 356,000 527,000
Operating profit (loss) (before general and administrative expenses):        
Operating profit (loss) 127,000 317,000 223,000 377,000
Land investment        
Revenues:        
Revenues 0 0 0 1,678,000
Asset Impairment Charges        
Impairment of assets 37,000 0 37,000 0
Operating profit (loss) (before general and administrative expenses):        
Operating profit (loss) (37,000) 0 (37,000) 1,678,000
Contract drilling        
Revenues:        
Revenues 1,016,000 1,580,000 1,858,000 2,986,000
Depletion, depreciation, and amortization:        
Depletion, depreciation, and amortization 53,000 70,000 114,000 136,000
Operating profit (loss) (before general and administrative expenses):        
Operating profit (loss) 80,000 660,000 40,000 836,000
Other        
Revenues:        
Revenues 42,000 14,000 70,000 69,000
Depletion, depreciation, and amortization:        
Depletion, depreciation, and amortization 17,000 22,000 37,000 45,000
Operating profit (loss) (before general and administrative expenses):        
Operating profit (loss) 25,000 (8,000) 33,000 24,000
Intersegment Eliminations        
Revenues:        
Revenues     0  
Gain (Loss) on Sale of Assets        
Operating profit (loss) (before general and administrative expenses):        
Operating profit (loss) $ 2,250,000 $ 0 $ 2,250,000 $ 0