OIL AND NATURAL GAS PROPERTIES (Tables)

12 Months Ended

Sep. 30, 2017

Schedule of recognized identified assets acquired and liabilities assumed

The Wood River acquisition was accounted for under the acquisition method of accounting, and as such, Barnwell estimated the fair value of the acquired property as of the September 12, 2016 acquisition date. The following table summarizes the allocation of the consideration paid to acquire the properties to the assets acquired and liabilities assumed in the transaction as of the acquisition date. See Note 16 for further information regarding the fair value measurement inputs.



Property and equipment	$	813,000
Asset retirement obligation	(44,000		)
Net identifiable assets acquired	$	769,000