SEGMENT INFORMATION (Tables)

3 Months Ended

Dec. 31, 2020

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 December 31,
	2020		2019
Revenues:
Oil and natural gas	$	1,887,000	$	2,141,000
Contract drilling	1,942,000		2,646,000
Land investment	485,000		—
Other	73,000		56,000
Total before interest income	4,387,000		4,843,000
Interest income	—		7,000
Total revenues	$	4,387,000	$	4,850,000
Depletion, depreciation, and amortization:
Oil and natural gas	$	195,000	$	606,000
Contract drilling	76,000		85,000
Other	5,000		14,000
Total depletion, depreciation, and amortization	$	276,000	$	705,000
Impairment:
Oil and natural gas	$	630,000	$	—
Total impairment	$	630,000	$	—
Operating profit (loss) (before general and administrative expenses):
Oil and natural gas	$	(373,000)	$	322,000
Contract drilling	758,000		747,000
Land investment	485,000		—
Other	68,000		42,000
Total operating profit	938,000		1,111,000
Equity in income (loss) of affiliates:
Land investment	1,054,000		(43,000)
General and administrative expenses	(1,185,000)		(1,496,000)
Interest expense	(1,000)		—
Interest income	—		7,000
Earnings (loss) before income taxes	$	806,000	$	(421,000)