SEGMENT INFORMATION (Tables)

9 Months Ended

Jun. 30, 2019

Segment Reporting [Abstract]

Schedule of financial information related to reporting segments

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   June 30,						Nine months ended   June 30,
	2019			2018			2019			2018
Revenues:
Oil and natural gas	$	1,688,000		$	616,000		$	4,844,000		$	2,428,000
Contract drilling	1,689,000			1,193,000			3,839,000			3,051,000
Land investment	—			1,310,000			165,000			1,310,000
Other	15,000			3,000			69,000			73,000
Total before interest income	3,392,000			3,122,000			8,917,000			6,862,000
Interest income	17,000			46,000			50,000			137,000
Total revenues	$	3,409,000		$	3,168,000		$	8,967,000		$	6,999,000
Depletion, depreciation, and amortization:
Oil and natural gas	$	639,000		$	121,000		$	2,072,000		$	477,000
Contract drilling	78,000			55,000			195,000			169,000
Other	14,000			11,000			41,000			48,000
Total depletion, depreciation, and amortization	$	731,000		$	187,000		$	2,308,000		$	694,000
Impairment:
Oil and natural gas	$	—		$	—		$	2,413,000		$	—
Land investment	—			—			—			37,000
Other	—			165,000			—			165,000
Total impairment	$	—		$	165,000		$	2,413,000		$	202,000
Operating (loss) profit (before general and administrative expenses):
Oil and natural gas	$	(265,000	)	$	(49,000	)	$	(3,541,000	)	$	174,000
Contract drilling	369,000			64,000			(145,000		)	104,000
Land investment	—			1,310,000			165,000			1,273,000
Other	1,000			(173,000		)	28,000			(140,000		)
Gain on sales of assets	—			—			—			2,250,000
Total operating (loss) profit	105,000			1,152,000			(3,493,000		)	3,661,000
Equity in (loss) income of affiliates:
Land investment	(259,000		)	136,000			(545,000		)	(97,000		)
General and administrative expenses	(1,352,000		)	(1,591,000		)	(4,361,000		)	(4,635,000		)
Interest expense	—			—			(4,000		)	—
Interest income	17,000			46,000			50,000			137,000
Loss before income taxes	$	(1,489,000	)	$	(257,000	)	$	(8,353,000	)	$	(934,000	)