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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands
3 Months Ended 9 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Revenues $ 3,984,000 $ 3,409,000 $ 13,416,000 $ 8,967,000
Costs and expenses:        
General and administrative 1,248,000 1,352,000 4,775,000 4,361,000
Depletion, depreciation, and amortization 478,000 731,000 1,870,000 2,308,000
Impairment of assets 2,689,000 0 4,326,000 2,413,000
Interest expense 1,000 0 1,000 4,000
Gain on sale of asset 0 0 (1,336,000) 0
Total costs and expenses 7,364,000 4,639,000 18,667,000 16,775,000
Loss before equity in loss of affiliates and income taxes (3,380,000) (1,230,000) (5,251,000) (7,808,000)
Equity in loss of affiliates (111,000) (259,000) (179,000) (545,000)
Loss before income taxes (3,491,000) (1,489,000) (5,430,000) (8,353,000)
Income tax benefit (24,000) (91,000) (26,000) (231,000)
Net loss (3,467,000) (1,398,000) (5,404,000) (8,122,000)
Less: Net loss attributable to non-controlling interests (11,000) (33,000) (20,000) (32,000)
Net loss attributable to Barnwell Industries, Inc. $ (3,456,000) $ (1,365,000) $ (5,384,000) $ (8,090,000)
Basic and diluted net loss per common share attributable to Barnwell Industries, Inc. stockholders (in dollars per share) $ (0.42) $ (0.16) $ (0.65) $ (0.98)
Weighted-average number of common shares outstanding:        
Basic and diluted (in shares) 8,277 8,277 8,277 8,277
Oil and natural gas        
Revenues:        
Revenues $ 830,000 $ 1,688,000 $ 4,881,000 $ 4,844,000
Costs and expenses:        
Costs and expenses 981,000 1,314,000 3,479,000 3,900,000
Depletion, depreciation, and amortization 372,000 639,000 1,562,000 2,072,000
Impairment of assets 2,689,000 0 4,326,000 2,413,000
Contract drilling        
Revenues:        
Revenues 3,040,000 1,689,000 8,279,000 3,839,000
Costs and expenses:        
Costs and expenses 1,967,000 1,242,000 5,552,000 3,789,000
Depletion, depreciation, and amortization 96,000 78,000 272,000 195,000
Land investment        
Revenues:        
Revenues 0 0 0 165,000
Gas processing and other        
Revenues:        
Revenues 114,000 32,000 256,000 119,000
Costs and expenses:        
Depletion, depreciation, and amortization $ 10,000 $ 14,000 $ 36,000 $ 41,000