SEGMENT INFORMATION

3 Months Ended

Dec. 31, 2017

Barnwell operates the following segments: 1) acquiring, developing, producing and selling oil and natural gas in Canada (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,
	2017			2016
Revenues:
Oil and natural gas	$	953,000		$	1,141,000
Land investment	—			1,678,000
Contract drilling	842,000			1,406,000
Other	28,000			55,000
Total before interest income	1,823,000			4,280,000
Interest income	33,000			10,000
Total revenues	$	1,856,000		$	4,290,000
Depletion, depreciation, and amortization:
Oil and natural gas	$	199,000		$	235,000
Contract drilling	61,000			66,000
Other	20,000			23,000
Total depletion, depreciation, and amortization	$	280,000		$	324,000
Operating profit (loss) (before general and administrative expenses):
Oil and natural gas	$	96,000		$	60,000
Land investment	—			1,678,000
Contract drilling	(40,000		)	176,000
Other	8,000			32,000
Total operating profit	64,000			1,946,000
Equity in income (loss) of affiliates:
Land investment	(153,000		)	2,326,000
General and administrative expenses	(1,481,000		)	(2,027,000		)
Interest income	33,000			10,000
(Loss) earnings before income taxes	$	(1,537,000	)	$	2,255,000