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SEGMENT INFORMATION (Details) - USD ($)
3 Months Ended 9 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues:        
Revenue before interest income $ 8,028,000 $ 5,108,000 $ 20,159,000 $ 13,493,000
Interest income 0 6,000 2,000 6,000
Total revenues 8,028,000 5,114,000 20,161,000 13,499,000
Depletion, depreciation, and amortization:        
Depletion, depreciation, and amortization 814,000 235,000 1,915,000 738,000
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) 3,945,000 2,130,000 9,035,000 3,615,000
Equity in income of affiliates:        
Equity in income of affiliates 433,000 3,348,000 3,400,000 5,026,000
General and administrative expenses (1,713,000) (2,227,000) (5,784,000) (5,340,000)
Interest expense (1,000) (2,000) (1,000) (6,000)
Interest income 0 6,000 2,000 6,000
Gain on debt extinguishment 0 149,000 0 149,000
Gain on termination of post-retirement medical plan 0 2,341,000 0 2,341,000
Earnings before income taxes 2,664,000 5,745,000 6,652,000 5,791,000
Intersegment eliminations        
Revenues:        
Total revenues     0  
Oil and natural gas        
Revenues:        
Revenue before interest income 7,292,000 2,887,000 16,345,000 7,326,000
Total revenues 7,292,000 2,887,000 16,345,000 7,326,000
Depletion, depreciation, and amortization:        
Depletion, depreciation, and amortization 772,000 155,000 1,785,000 496,000
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) 4,123,000 1,015,000 8,121,000 1,289,000
Contract drilling        
Revenues:        
Revenue before interest income 736,000 889,000 2,430,000 4,220,000
Total revenues 736,000 889,000 2,430,000 4,220,000
Depletion, depreciation, and amortization:        
Depletion, depreciation, and amortization 41,000 76,000 129,000 229,000
Operating profit (loss) (before general and administrative expenses):        
Operating profit (loss) (before general and administrative expenses) (177,000) (213,000) (469,000) 392,000
Land investment        
Revenues:        
Revenue before interest income 0 1,253,000 1,295,000 1,738,000
Total revenues 0 1,253,000 1,295,000 1,738,000
Operating profit (loss) (before general and administrative expenses):        
Operating profit (loss) (before general and administrative expenses) 0 1,253,000 1,295,000 1,738,000
Other        
Revenues:        
Revenue before interest income 0 79,000 89,000 209,000
Total revenues 0 85,000 91,000 215,000
Depletion, depreciation, and amortization:        
Depletion, depreciation, and amortization 1,000 4,000 1,000 13,000
Operating profit (loss) (before general and administrative expenses):        
Operating profit (loss) (before general and administrative expenses) $ (1,000) $ 75,000 $ 88,000 $ 196,000