SEGMENT INFORMATION

9 Months Ended

Jun. 30, 2020

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 June 30,						Nine months ended June 30,
	2020			2019			2020			2019
Revenues:
Oil and natural gas	$	830,000		$	1,688,000		$	4,881,000		$	4,844,000
Contract drilling	3,040,000			1,689,000			8,279,000			3,839,000
Land investment	—			—			—			165,000
Other	113,000			15,000			239,000			69,000
Total before interest income	3,983,000			3,392,000			13,399,000			8,917,000
Interest income	1,000			17,000			17,000			50,000
Total revenues	$	3,984,000		$	3,409,000		$	13,416,000		$	8,967,000
Depletion, depreciation, and amortization:
Oil and natural gas	$	372,000		$	639,000		$	1,562,000		$	2,072,000
Contract drilling	96,000			78,000			272,000			195,000
Other	10,000			14,000			36,000			41,000
Total depletion, depreciation, and amortization	$	478,000		$	731,000		$	1,870,000		$	2,308,000
Impairment:
Oil and natural gas	$	2,689,000		$	—		$	4,326,000		$	2,413,000
Total impairment	$	2,689,000		$	—		$	4,326,000		$	2,413,000
Operating (loss) profit (before general and administrative expenses):
Oil and natural gas	$	(3,212,000	)	$	(265,000	)	$	(4,486,000	)	$	(3,541,000	)
Contract drilling	977,000			369,000			2,455,000			(145,000		)
Land investment	—			—			—			165,000
Other	103,000			1,000			203,000			28,000
Gain on sale of asset	—			—			1,336,000			—
Total operating (loss) profit	(2,132,000		)	105,000			(492,000		)	(3,493,000		)
Equity in loss of affiliates:
Land investment	(111,000		)	(259,000		)	(179,000		)	(545,000		)
General and administrative expenses	(1,248,000		)	(1,352,000		)	(4,775,000		)	(4,361,000		)
Interest expense	(1,000		)	—			(1,000		)	(4,000		)
Interest income	1,000			17,000			17,000			50,000
Loss before income taxes	$	(3,491,000	)	$	(1,489,000	)	$	(5,430,000	)	$	(8,353,000	)