SEGMENT INFORMATION

3 Months Ended

Dec. 31, 2018

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 December 31,
	2018			2017
Revenues:
Oil and natural gas	$	1,232,000		$	953,000
Contract drilling	1,163,000			842,000
Land investment	165,000			—
Other	14,000			28,000
Total before interest income	2,574,000			1,823,000
Interest income	21,000			33,000
Total revenues	$	2,595,000		$	1,856,000
Depletion, depreciation, and amortization:
Oil and natural gas	$	749,000		$	199,000
Contract drilling	57,000			61,000
Other	13,000			20,000
Total depletion, depreciation, and amortization	$	819,000		$	280,000
Impairment:
Oil and natural gas	$	2,170,000		$	—
Total impairment	$	2,170,000		$	—
Operating (loss) profit (before general and administrative expenses):
Oil and natural gas	$	(3,024,000	)	$	96,000
Land investment	165,000			—
Contract drilling	(210,000		)	(40,000		)
Other	1,000			8,000
Total operating (loss) profit	(3,068,000		)	64,000
Equity in loss of affiliates:
Land investment	(79,000		)	(153,000		)
General and administrative expenses	(1,548,000		)	(1,481,000		)
Interest expense	(4,000		)	—
Interest income	21,000			33,000
Loss before income taxes	$	(4,678,000	)	$	(1,537,000	)