| SEGMENT INFORMATION |
SEGMENT INFORMATION 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
March 31, | | Six months ended
March 31, | | | 2021 | | 2020 | | 2021 | | 2020 | | Revenues: | | | | | | | | | Oil and natural gas | $ | 2,552,000 | | | $ | 1,910,000 | | | $ | 4,439,000 | | | $ | 4,051,000 | | | Contract drilling | 1,389,000 | | | 2,593,000 | | | 3,331,000 | | | 5,239,000 | | | Land investment | — | | | — | | | 485,000 | | | — | | | Other | 57,000 | | | 70,000 | | | 130,000 | | | 126,000 | | | Total before interest income | 3,998,000 | | | 4,573,000 | | | 8,385,000 | | | 9,416,000 | | | Interest income | — | | | 9,000 | | | — | | | 16,000 | | | Total revenues | $ | 3,998,000 | | | $ | 4,582,000 | | | $ | 8,385,000 | | | $ | 9,432,000 | | | Depletion, depreciation, and amortization: | | | | | | | | | Oil and natural gas | $ | 146,000 | | | $ | 584,000 | | | $ | 341,000 | | | $ | 1,190,000 | | | Contract drilling | 77,000 | | | 91,000 | | | 153,000 | | | 176,000 | | | Other | 4,000 | | | 12,000 | | | 9,000 | | | 26,000 | | | Total depletion, depreciation, and amortization | $ | 227,000 | | | $ | 687,000 | | | $ | 503,000 | | | $ | 1,392,000 | | | Impairment: | | | | | | | | | Oil and natural gas | $ | — | | | $ | 1,637,000 | | | $ | 630,000 | | | $ | 1,637,000 | | | | | | | | | | | | | | | | | | | Total impairment | $ | — | | | $ | 1,637,000 | | | $ | 630,000 | | | $ | 1,637,000 | | | Operating profit (loss) (before general and administrative expenses): | | | | | | | | | Oil and natural gas | $ | 647,000 | | | $ | (1,596,000) | | | $ | 274,000 | | | $ | (1,274,000) | | | Contract drilling | (153,000) | | | 731,000 | | | 605,000 | | | 1,478,000 | | | Land investment | — | | | — | | | 485,000 | | | — | | | Other | 53,000 | | | 58,000 | | | 121,000 | | | 100,000 | | | Gain on sale of asset | — | | | 1,336,000 | | | — | | | 1,336,000 | | | Total operating profit | 547,000 | | | 529,000 | | | 1,485,000 | | | 1,640,000 | | | Equity in income (loss) of affiliates: | | | | | | | | | Land investment | 624,000 | | | (25,000) | | | 1,678,000 | | | (68,000) | | | General and administrative expenses | (1,928,000) | | | (2,031,000) | | | (3,113,000) | | | (3,527,000) | | | Interest expense | (3,000) | | | — | | | (4,000) | | | — | | | Interest income | — | | | 9,000 | | | — | | | 16,000 | | | (Loss) earnings before income taxes | $ | (760,000) | | | $ | (1,518,000) | | | $ | 46,000 | | | $ | (1,939,000) | |
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