XML 28 R19.htm IDEA: XBRL DOCUMENT v3.23.2
SEGMENT INFORMATION
 9 Months Ended
Jun. 30, 2023
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
 
Barnwell operates the following segments: 1) acquiring, developing, producing and selling oil and natural gas in Canada and the U.S. (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
June 30,		Nine months ended
June 30,
 2023202220232022
Revenues:
Oil and natural gas$4,503,000 $7,292,000 $13,415,000 $16,345,000 
Contract drilling1,134,000 736,000 4,583,000 2,430,000 
Land investment— — 265,000 1,295,000 
Other13,000 — 85,000 89,000 
Total before interest income5,650,000 8,028,000 18,348,000 20,159,000 
Interest income25,000 — 77,000 2,000 
Total revenues$5,675,000 $8,028,000 $18,425,000 $20,161,000 
Depletion, depreciation, and amortization:  
Oil and natural gas$1,210,000 $772,000 $2,724,000 $1,785,000 
Contract drilling47,000 41,000 133,000 129,000 
Other— 1,000 1,000 1,000 
Total depletion, depreciation, and amortization$1,257,000 $814,000 $2,858,000 $1,915,000 
Operating profit (loss) (before general and administrative expenses):  
Oil and natural gas$287,000 $4,123,000 $2,974,000 $8,121,000 
Contract drilling5,000 (177,000)110,000 (469,000)
Land investment— — 265,000 1,295,000 
Other13,000 (1,000)84,000 88,000 
Gain on sale of assets— — 551,000 — 
Total operating profit305,000 3,945,000 3,984,000 9,035,000 
Equity in income of affiliates:  
Land investment— 433,000 538,000 3,400,000 
General and administrative expenses(1,328,000)(1,713,000)(5,627,000)(5,784,000)
Foreign currency gain121,000 — 201,000 — 
Interest expense(1,000)(1,000)(1,000)(1,000)
Interest income25,000 — 77,000 2,000 
(Loss) earnings before income taxes$(878,000)$2,664,000 $(828,000)$6,652,000