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OIL AND NATURAL GAS PROPERTIES (Tables) | 12 Months Ended
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Sep. 30, 2016
Extractive Industries [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] | The Progress acquisition was accounted for under the acquisition method of accounting, and as such, Barnwell estimated the fair value of the acquired property as of the August 27, 2015 acquisition date. The following table summarizes the allocation of the consideration paid to acquire the properties to the assets acquired and liabilities assumed in the transaction as of the acquisition date. See Note 17 for further information regarding the fair value measurement inputs.
Property and equipment | $ | 397,000 |
Asset retirement obligation | (91,000 | )
Net identifiable assets acquired | $ | 306,000 |
The Wood River acquisition was accounted for under the acquisition method of accounting, and as such, Barnwell estimated the fair value of the acquired property as of the September 12, 2016 acquisition date. The following table summarizes the allocation of the consideration paid to acquire the properties to the assets acquired and liabilities assumed in the transaction as of the acquisition date. See Note 17 for further information regarding the fair value measurement inputs.
Property and equipment | $ | 813,000 |
Asset retirement obligation | (44,000 | )
Net identifiable assets acquired | $ | 769,000 |
The Progress acquisition was accounted for under the acquisition method of accounting, and as such, Barnwell estimated the fair value of the acquired property as of the November 13, 2014 acquisition date. The following table summarizes the allocation of the consideration paid to acquire the properties to the assets acquired and liabilities assumed in the transaction as of the acquisition date. See Note 17 for further information regarding the fair value measurement inputs.
Property and equipment | $ | 751,000 |
Asset retirement obligation | (225,000 | )
Net identifiable assets acquired | $ | 526,000 |
Pro forma information including adjustments to oil and natural gas segment revenues and operating expenses | The pro forma information includes adjustments to oil and natural gas segment revenues and operating expenses based on the actual results of operations related to Dunvegan, as well as adjustments for estimated depletion, accretion expense, general and administrative expenses, and income taxes based on an allocation of the estimated impact of Dunvegan on those amounts.
| Year ended September 30, 2015
Pro forma (unaudited) | Historical |  | Pro forma
Total revenues | $ | 17,533,000 |  |  | $ | 13,235,000 |
Net earnings (loss) | $ | 1,769,000 |  |  | $ | (761,000 | )
Net earnings (loss) attributable to Barnwell Industries, Inc. stockholders | $ | 1,263,000 |  |  | $ | (1,267,000 | )
Net earnings (loss) per common share attributable to Barnwell Industries, Inc. stockholders. | $ | 0.15 |  |  | $ | (0.15 | )

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=65885119&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=73530397&loc=d3e4845-128472 + Details
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