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SEGMENT INFORMATION (Details) - USD ($)
3 Months Ended 6 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2022
Mar. 31, 2021
Revenues:        
Revenue before interest income $ 6,678,000 $ 3,998,000 $ 12,131,000 $ 8,385,000
Interest income 1,000 0 2,000 0
Total revenues 6,679,000 3,998,000 12,133,000 8,385,000
Depletion, depreciation, and amortization:        
Depletion, depreciation, and amortization 618,000 227,000 1,101,000 503,000
Asset Impairment Charges        
Impairment of assets 0 0 0 630,000
Operating profit (loss) (before general and administrative expenses):        
Operating profit (loss) (before general and administrative expenses) 3,016,000 547,000 5,090,000 1,485,000
Equity in income of affiliates:        
Equity in income of affiliates 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 0 (3,000) 0 (4,000)
Interest income 1,000 0 2,000 0
Earnings (loss) before income taxes 2,536,000 (760,000) 3,988,000 46,000
Intersegment eliminations        
Revenues:        
Total revenues     0  
Oil and natural gas        
Revenues:        
Revenue before interest income 5,133,000 2,552,000 9,053,000 4,439,000
Total revenues 5,133,000 2,552,000 9,053,000 4,439,000
Depletion, depreciation, and amortization:        
Depletion, depreciation, and amortization 577,000 146,000 1,013,000 341,000
Asset Impairment Charges        
Impairment of assets 0 0 0 630,000
Operating profit (loss) (before general and administrative expenses):        
Operating profit (loss) (before general and administrative expenses) 2,430,000 647,000 3,998,000 274,000
Contract drilling        
Revenues:        
Revenue before interest income 818,000 1,389,000 1,694,000 3,331,000
Total revenues 818,000 1,389,000 1,694,000 3,331,000
Depletion, depreciation, and amortization:        
Depletion, depreciation, and amortization 41,000 77,000 88,000 153,000
Operating profit (loss) (before general and administrative expenses):        
Operating profit (loss) (before general and administrative expenses) (141,000) (153,000) (292,000) 605,000
Land investment        
Revenues:        
Revenue before interest income 695,000 0 1,295,000 485,000
Total revenues 695,000 0 1,295,000 485,000
Operating profit (loss) (before general and administrative expenses):        
Operating profit (loss) (before general and administrative expenses) 695,000 0 1,295,000 485,000
Other        
Revenues:        
Revenue before interest income 32,000 57,000 89,000 130,000
Total revenues 33,000 57,000 91,000 130,000
Depletion, depreciation, and amortization:        
Depletion, depreciation, and amortization 0 4,000 0 9,000
Operating profit (loss) (before general and administrative expenses):        
Operating profit (loss) (before general and administrative expenses) $ 32,000 $ 53,000 $ 89,000 $ 121,000