SEGMENT INFORMATION (Tables)

9 Months Ended

Jun. 30, 2018

Segment Reporting [Abstract]

Schedule of financial information related to reporting segments

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   June 30,						Nine months ended   June 30,
	2018			2017			2018			2017
Revenues:
Oil and natural gas	$	616,000		$	940,000		$	2,428,000		$	3,490,000
Land investment	1,310,000			—			1,310,000			1,678,000
Contract drilling	1,193,000			360,000			3,051,000			3,346,000
Other	3,000			19,000			73,000			88,000
Total before interest income	3,122,000			1,319,000			6,862,000			8,602,000
Interest income	46,000			21,000			137,000			57,000
Total revenues	$	3,168,000		$	1,340,000		$	6,999,000		$	8,659,000
Depletion, depreciation, and amortization:
Oil and natural gas	$	121,000		$	145,000		$	477,000		$	672,000
Contract drilling	55,000			69,000			169,000			205,000
Other	11,000			20,000			48,000			65,000
Total depletion, depreciation, and amortization	$	187,000		$	234,000		$	694,000		$	942,000
Impairment:
Land investment	$	—		$	—		$	37,000		$	—
Other	165,000			—			165,000			—
Total impairment	$	165,000		$	—		$	202,000		$	—
Operating (loss) profit (before general and administrative expenses):
Oil and natural gas	$	(49,000	)	$	175,000		$	174,000		$	552,000
Land investment	1,310,000			—			1,273,000			1,678,000
Contract drilling	64,000			(302,000		)	104,000			534,000
Other	(173,000		)	(1,000		)	(140,000		)	23,000
Gain on sales of assets	—			527,000			2,250,000			527,000
Total operating profit	1,152,000			399,000			3,661,000			3,314,000
Equity in income (loss) of affiliates:
Land investment	136,000			(31,000		)	(97,000		)	2,125,000
General and administrative expenses	(1,591,000		)	(1,345,000		)	(4,635,000		)	(5,126,000		)
Interest income	46,000			21,000			137,000			57,000
(Loss) earnings before income taxes	$	(257,000	)	$	(956,000	)	$	(934,000	)	$	370,000