SEGMENT INFORMATION (Tables)

3 Months Ended

Dec. 31, 2021

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,
	2021		2020
Revenues:
Oil and natural gas	$	3,920,000	$	1,887,000
Contract drilling	876,000		1,942,000
Land investment	600,000		485,000
Other	57,000		73,000
Total before interest income	5,453,000		4,387,000
Interest income	1,000		—
Total revenues	$	5,454,000	$	4,387,000
Depletion, depreciation, and amortization:
Oil and natural gas	$	436,000	$	195,000
Contract drilling	47,000		76,000
Other	—		5,000
Total depletion, depreciation, and amortization	$	483,000	$	276,000
Impairment:
Oil and natural gas	$	—	$	630,000
Total impairment	$	—	$	630,000
Operating profit (loss) (before general and administrative expenses):
Oil and natural gas	$	1,568,000	$	(373,000)
Contract drilling	(151,000)		758,000
Land investment	600,000		485,000
Other	57,000		68,000
Total operating profit	2,074,000		938,000
Equity in income of affiliates:
Land investment	1,207,000		1,054,000
General and administrative expenses	(1,830,000)		(1,185,000)
Interest expense	—		(1,000)
Interest income	1,000		—
Earnings before income taxes	$	1,452,000	$	806,000