SEGMENT INFORMATION (Tables)

6 Months Ended

Mar. 31, 2019

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   March 31,						Six months ended   March 31,
	2019			2018			2019			2018
Revenues:
Oil and natural gas	$	1,924,000		$	859,000		$	3,156,000		$	1,812,000
Contract drilling	987,000			1,016,000			2,150,000			1,858,000
Land investment	—			—			165,000			—
Other	40,000			42,000			54,000			70,000
Total before interest income	2,951,000			1,917,000			5,525,000			3,740,000
Interest income	12,000			58,000			33,000			91,000
Total revenues	$	2,963,000		$	1,975,000		$	5,558,000		$	3,831,000
Depletion, depreciation, and amortization:
Oil and natural gas	$	684,000		$	157,000		$	1,433,000		$	356,000
Contract drilling	60,000			53,000			117,000			114,000
Other	14,000			17,000			27,000			37,000
Total depletion, depreciation, and amortization	$	758,000		$	227,000		$	1,577,000		$	507,000
Impairment:
Oil and natural gas	$	243,000		$	—		$	2,413,000		$	—
Land investment	—			37,000			—			37,000
Total impairment	$	243,000		$	37,000		$	2,413,000		$	37,000
Operating (loss) profit (before general and administrative expenses):
Oil and natural gas	$	(252,000	)	$	127,000		$	(3,276,000	)	$	223,000
Land investment	—			(37,000		)	165,000			(37,000		)
Contract drilling	(304,000		)	80,000			(514,000		)	40,000
Other	26,000			25,000			27,000			33,000
Gain on sales of assets	—			2,250,000			—			2,250,000
Total operating (loss) profit	(530,000		)	2,445,000			(3,598,000		)	2,509,000
Equity in loss of affiliates:
Land investment	(207,000		)	(80,000		)	(286,000		)	(233,000		)
General and administrative expenses	(1,461,000		)	(1,563,000		)	(3,009,000		)	(3,044,000		)
Interest expense	—			—			(4,000		)	—
Interest income	12,000			58,000			33,000			91,000
(Loss) earnings before income taxes	$	(2,186,000	)	$	860,000		$	(6,864,000	)	$	(677,000	)