SEGMENT INFORMATION (Tables)

6 Months Ended

Mar. 31, 2020

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,
	2020			2019			2020			2019
Revenues:
Oil and natural gas	$	1,910,000		$	1,924,000		$	4,051,000		$	3,156,000
Contract drilling	2,593,000			987,000			5,239,000			2,150,000
Land investment	—			—			—			165,000
Other	70,000			40,000			126,000			54,000
Total before interest income	4,573,000			2,951,000			9,416,000			5,525,000
Interest income	9,000			12,000			16,000			33,000
Total revenues	$	4,582,000		$	2,963,000		$	9,432,000		$	5,558,000
Depletion, depreciation, and amortization:
Oil and natural gas	$	584,000		$	684,000		$	1,190,000		$	1,433,000
Contract drilling	91,000			60,000			176,000			117,000
Other	12,000			14,000			26,000			27,000
Total depletion, depreciation, and amortization	$	687,000		$	758,000		$	1,392,000		$	1,577,000
Impairment:
Oil and natural gas	$	1,637,000		$	243,000		$	1,637,000		$	2,413,000
Total impairment	$	1,637,000		$	243,000		$	1,637,000		$	2,413,000
Operating profit (loss) (before general and administrative expenses):
Oil and natural gas	$	(1,596,000	)	$	(252,000	)	$	(1,274,000	)	$	(3,276,000	)
Contract drilling	731,000			(304,000		)	1,478,000			(514,000		)
Land investment	—			—			—			165,000
Other	58,000			26,000			100,000			27,000
Gain on sale of asset	1,336,000			—			1,336,000			—
Total operating profit (loss)	529,000			(530,000		)	1,640,000			(3,598,000		)
Equity in loss of affiliates:
Land investment	(25,000		)	(207,000		)	(68,000		)	(286,000		)
General and administrative expenses	(2,031,000		)	(1,461,000		)	(3,527,000		)	(3,009,000		)
Interest expense	—			—			—			(4,000		)
Interest income	9,000			12,000			16,000			33,000
Loss before income taxes	$	(1,518,000	)	$	(2,186,000	)	$	(1,939,000	)	$	(6,864,000	)