XML 29 R19.htm IDEA: XBRL DOCUMENT v3.24.2.u1
SEGMENT INFORMATION
9 Months Ended
Jun. 30, 2024
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,
 2024202320242023
Revenues:
Oil and natural gas$4,452,000 $4,503,000 $13,726,000 $13,415,000 
Contract drilling1,021,000 1,134,000 3,084,000 4,583,000 
Land investment — 500,000 265,000 
Other33,000 13,000 92,000 85,000 
Total before interest income5,506,000 5,650,000 17,402,000 18,348,000 
Interest income21,000 25,000 54,000 77,000 
Total revenues$5,527,000 $5,675,000 $17,456,000 $18,425,000 
Depletion, depreciation, and amortization:  
Oil and natural gas$1,293,000 $1,210,000 $4,093,000 $2,724,000 
Contract drilling28,000 47,000 130,000 133,000 
Other1,000 — 2,000 1,000 
Total depletion, depreciation, and amortization$1,322,000 $1,257,000 $4,225,000 $2,858,000 
Impairment:
Oil and natural gas$599,000 $— $2,276,000 $— 
Total impairment$599,000 $— $2,276,000 $— 
Operating profit (loss) (before general and administrative expenses):  
Oil and natural gas$326,000 $287,000 $2,000 $2,974,000 
Contract drilling(99,000)5,000 (694,000)110,000 
Land investment — 500,000 265,000 
Other32,000 13,000 90,000 84,000 
Gain on sale of assets —  551,000 
Total operating profit (loss)259,000 305,000 (102,000)3,984,000 
Equity in income of affiliates:  
Land investment — 1,071,000 538,000 
General and administrative expenses(1,432,000)(1,328,000)(4,217,000)(5,627,000)
Foreign currency (loss) gain(61,000)121,000 (63,000)201,000 
Interest expense (1,000)(2,000)(1,000)
Interest income21,000 25,000 54,000 77,000 
Loss before income taxes$(1,213,000)$(878,000)$(3,259,000)$(828,000)