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SEGMENT INFORMATION
3 Months Ended
Dec. 31, 2023
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,
 20232022
Revenues:
Oil and natural gas$5,130,000 $5,226,000 
Contract drilling993,000 1,948,000 
Land investment 265,000 
Other17,000 43,000 
Total before interest income6,140,000 7,482,000 
Interest income15,000 29,000 
Total revenues$6,155,000 $7,511,000 
Depletion, depreciation, and amortization:
Oil and natural gas$1,458,000 $796,000 
Contract drilling52,000 43,000 
Other1,000 1,000 
Total depletion, depreciation, and amortization$1,511,000 $840,000 
Operating profit (loss) (before general and administrative expenses):
Oil and natural gas$881,000 $1,986,000 
Contract drilling(228,000)48,000 
Land investment 265,000 
Other16,000 42,000 
Gain on sale of assets 551,000 
Total operating profit669,000 2,892,000 
Equity in income of affiliates:
Land investment 538,000 
General and administrative expenses(1,404,000)(2,249,000)
Foreign currency gain126,000 78,000 
Interest expense(2,000)— 
Interest income15,000 29,000 
(Loss) earnings before income taxes$(596,000)$1,288,000