SEGMENT AND GEOGRAPHIC INFORMATION (Tables)

12 Months Ended

Sep. 30, 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.

	Year ended September 30,
	2022		2021
Revenues:
Oil and natural gas	$	22,581,000	$	10,254,000
Contract drilling	4,540,000		5,809,000
Land investment	1,295,000		1,738,000
Other	111,000		304,000
Total before interest income	28,527,000		18,105,000
Interest income	18,000		8,000
Total revenues	$	28,545,000	$	18,113,000
Depletion, depreciation, and amortization:
Oil and natural gas	$	2,606,000	$	645,000
Contract drilling	171,000		305,000
Other	1,000		13,000
Total depletion, depreciation, and amortization	$	2,778,000	$	963,000
Impairment:
Oil and natural gas	$	—	$	630,000
Contract drilling	—		38,000
Land investment	89,000		—
Total impairment	$	89,000	$	668,000
Operating profit (loss) (before general and administrative expenses):
Oil and natural gas	$	10,536,000	$	2,423,000
Contract drilling	(222,000)		(89,000)
Land investment	1,206,000		1,738,000
Other	110,000		291,000
Gain on sale of assets	—		1,982,000
Total operating profit	11,630,000		6,345,000
Equity in income of affiliates:
Land investment	3,400,000		5,793,000
General and administrative expenses	(8,044,000)		(7,088,000)
Foreign currency loss	(484,000)		—
Interest expense	(1,000)		(13,000)
Interest income	18,000		8,000
Gain on debt extinguishment	—		149,000
Gain on termination of post-retirement medical plan	—		2,341,000
Earnings before income taxes	$	6,519,000	$	7,535,000

Capital Expenditures:

	Year ended September 30,
	2022		2021
Oil and natural gas	$	13,755,000	$	3,028,000
Contract drilling	45,000		62,000
Other	5,000		1,000
Total	$	13,805,000	$	3,091,000

    Oil and natural gas capital expenditures include acquisitions as well as changes to capitalized asset retirement obligations, including revisions of asset retirement obligations (see Note 7 for additional details).  

Assets By Segment:

	September 30,
	2022		2021
Oil and natural gas (1)	$	17,477,000	$	6,401,000
Contract drilling (2)	3,260,000		4,071,000
Other:
Cash and cash equivalents	12,804,000		11,279,000
Corporate and other	3,674,000		2,684,000
Total	$	37,215,000	$	24,435,000

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(1)          Located primarily in the province of Alberta, Canada with a minor portion in Oklahoma.

(2)          Located in Hawaii.

Schedule of long-lived assets and revenue by geographic area

Long-Lived Assets By Geographic Area:

	September 30,
	2022		2021
United States	$	4,540,000	$	4,180,000
Canada	12,578,000		2,220,000
Total	$	17,118,000	$	6,400,000

Revenue By Geographic Area:

	Year ended September 30,
	2022		2021
United States	$	9,340,000	$	7,700,000
Canada	19,187,000		10,405,000
Total (excluding interest income)	$	28,527,000	$	18,105,000