SEGMENT INFORMATION

6 Months Ended

Mar. 31, 2015

Segment Reporting [Abstract]

SEGMENT INFORMATION

SEGMENT INFORMATION

Barnwell operates the following segments: 1) exploring for, developing, acquiring, producing and selling oil and natural gas in Canada (oil and natural gas); 2) investing in land interests in Hawaii (land investment); 3) drilling wells and installing and repairing water pumping systems in Hawaii (contract drilling); and 4) developing homes for sale in Hawaii (residential real estate).

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   March 31,						Six months ended   March 31,
	2015			2014			2015			2014
Revenues:
Oil and natural gas	$	2,092,000		$	6,397,000		$	5,064,000		$	11,724,000
Land investment	817,000			—			1,849,000			120,000
Contract drilling	491,000			1,318,000			2,424,000			2,927,000
Other	76,000			112,000			154,000			253,000
Total before interest income	3,476,000			7,827,000			9,491,000			15,024,000
Interest income	16,000			6,000			33,000			10,000
Total revenues	$	3,492,000		$	7,833,000		$	9,524,000		$	15,034,000
Depletion, depreciation, and amortization:
Oil and natural gas	$	772,000		$	1,797,000		$	1,655,000		$	3,856,000
Contract drilling	70,000			78,000			141,000			156,000
Other	26,000			29,000			51,000			56,000
Total depletion, depreciation, and amortization	$	868,000		$	1,904,000		$	1,847,000		$	4,068,000
Operating profit (before general and administrative expenses):
Oil and natural gas	$	(498,000	)	$	2,558,000		$	(32,000	)	$	3,205,000
Land investment	817,000			—			1,849,000			120,000
Contract drilling	(51,000		)	151,000			286,000			370,000
Other	50,000			83,000			103,000			197,000
Total operating profit	318,000			2,792,000			2,206,000			3,892,000
Equity in income (loss) of affiliates:
Land investment	368,000			(116,000		)	456,000			(263,000		)
General and administrative expenses	(2,104,000		)	(2,301,000		)	(4,379,000		)	(4,157,000		)
Interest expense	(82,000		)	(192,000		)	(172,000		)	(355,000		)
Interest income	16,000			6,000			33,000			10,000
(Loss) income before income taxes	$	(1,484,000	)	$	189,000		$	(1,856,000	)	$	(873,000	)