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SEGMENT INFORMATION (Details) - USD ($)
3 Months Ended 6 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Mar. 31, 2020
Mar. 31, 2019
Revenues:        
Revenue 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:        
Depletion, depreciation, and amortization 687,000 758,000 1,392,000 1,577,000
Asset Impairment Charges        
Impairment of assets 1,637,000 243,000 1,637,000 2,413,000
Operating profit (loss) (before general and administrative expenses):        
Operating profit (loss) (before general and administrative expenses) 529,000 (530,000) 1,640,000 (3,598,000)
Equity in (loss) income of affiliates:        
Equity in loss of affiliates (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 0 0 0 (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)
Oil and natural gas        
Revenues:        
Revenue before interest income 1,910,000 1,924,000 4,051,000 3,156,000
Total revenues 1,910,000 1,924,000 4,051,000 3,156,000
Depletion, depreciation, and amortization:        
Depletion, depreciation, and amortization 584,000 684,000 1,190,000 1,433,000
Asset Impairment Charges        
Impairment of assets 1,637,000 243,000 1,637,000 2,413,000
Operating profit (loss) (before general and administrative expenses):        
Operating profit (loss) (before general and administrative expenses) (1,596,000) (252,000) (1,274,000) (3,276,000)
Contract drilling        
Revenues:        
Revenue before interest income 2,593,000 987,000 5,239,000 2,150,000
Total revenues 2,593,000 987,000 5,239,000 2,150,000
Depletion, depreciation, and amortization:        
Depletion, depreciation, and amortization 91,000 60,000 176,000 117,000
Operating profit (loss) (before general and administrative expenses):        
Operating profit (loss) (before general and administrative expenses) 731,000 (304,000) 1,478,000 (514,000)
Land investment        
Revenues:        
Revenue before interest income 0 0 0 165,000
Total revenues 0 0 0 165,000
Operating profit (loss) (before general and administrative expenses):        
Operating profit (loss) (before general and administrative expenses) 0 0 0 165,000
Other        
Revenues:        
Revenue before interest income 70,000 40,000 126,000 54,000
Total revenues 79,000 52,000 142,000 87,000
Depletion, depreciation, and amortization:        
Depletion, depreciation, and amortization 12,000 14,000 26,000 27,000
Operating profit (loss) (before general and administrative expenses):        
Operating profit (loss) (before general and administrative expenses) 58,000 26,000 100,000 27,000
Gain on sale of asset        
Operating profit (loss) (before general and administrative expenses):        
Operating profit (loss) (before general and administrative expenses) $ 1,336,000 $ 0 1,336,000 $ 0
Intersegment eliminations        
Revenues:        
Total revenues     $ 0