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SEGMENT INFORMATION
3 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
 
Barnwell operates the following segments: 1) acquiring, developing, producing and selling oil and natural gas in Canada and the U.S. (oil and natural gas); 2) investing in land interests in Hawaii (land investment); and 3) drilling wells and installing and repairing water pumping systems in Hawaii (contract drilling).
 
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,
 20222021
Revenues:
Oil and natural gas$5,226,000 $3,920,000 
Contract drilling1,948,000 876,000 
Land investment265,000 600,000 
Other43,000 57,000 
Total before interest income7,482,000 5,453,000 
Interest income29,000 1,000 
Total revenues$7,511,000 $5,454,000 
Depletion, depreciation, and amortization:
Oil and natural gas$796,000 $436,000 
Contract drilling43,000 47,000 
Other1,000 — 
Total depletion, depreciation, and amortization$840,000 $483,000 
Operating profit (loss) (before general and administrative expenses):
Oil and natural gas$1,986,000 $1,568,000 
Contract drilling48,000 (151,000)
Land investment265,000 600,000 
Other42,000 57,000 
Gain on sale of assets551,000 — 
Total operating profit2,892,000 2,074,000 
Equity in income of affiliates:
Land investment538,000 1,207,000 
General and administrative expenses(2,249,000)(1,830,000)
Foreign currency gain78,000 — 
Interest income29,000 1,000 
Earnings before income taxes$1,288,000 $1,452,000