| 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
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) | |
|