SEGMENT INFORMATION (Tables)

6 Months Ended

Mar. 31, 2022

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 March 31,				Six months ended March 31,
	2022		2021		2022		2021
Revenues:
Oil and natural gas	$	5,133,000	$	2,552,000	$	9,053,000	$	4,439,000
Contract drilling	818,000		1,389,000		1,694,000		3,331,000
Land investment	695,000		—		1,295,000		485,000
Other	32,000		57,000		89,000		130,000
Total before interest income	6,678,000		3,998,000		12,131,000		8,385,000
Interest income	1,000		—		2,000		—
Total revenues	$	6,679,000	$	3,998,000	$	12,133,000	$	8,385,000
Depletion, depreciation, and amortization:
Oil and natural gas	$	577,000	$	146,000	$	1,013,000	$	341,000
Contract drilling	41,000		77,000		88,000		153,000
Other	—		4,000		—		9,000
Total depletion, depreciation, and amortization	$	618,000	$	227,000	$	1,101,000	$	503,000
Impairment:
Oil and natural gas	$	—	$	—	$	—	$	630,000
Total impairment	$	—	$	—	$	—	$	630,000
Operating profit (loss) (before general and administrative expenses):
Oil and natural gas	$	2,430,000	$	647,000	$	3,998,000	$	274,000
Contract drilling	(141,000)		(153,000)		(292,000)		605,000
Land investment	695,000		—		1,295,000		485,000
Other	32,000		53,000		89,000		121,000
Total operating profit	3,016,000		547,000		5,090,000		1,485,000
Equity in income of affiliates:
Land investment	1,760,000		624,000		2,967,000		1,678,000
General and administrative expenses	(2,241,000)		(1,928,000)		(4,071,000)		(3,113,000)
Interest expense	—		(3,000)		—		(4,000)
Interest income	1,000		—		2,000		—
Earnings (loss) before income taxes	$	2,536,000	$	(760,000)	$	3,988,000	$	46,000