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SEGMENT AND GEOGRAPHIC INFORMATION (Tables) | 12 Months Ended
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Sep. 30, 2024
Segment Reporting [Abstract] |
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.
| Year ended September 30,
| 2024 |  | 2023
Revenues: |  |  |
Oil and natural gas | $ | 17,396,000 |  |  | $ | 19,376,000 |
Contract drilling | 3,612,000 |  |  | 5,427,000 |
Land investment | 500,000 |  |  | 265,000 |
Other | 128,000 |  |  | 114,000 |
Total before interest income | 21,636,000 |  |  | 25,182,000 |
Interest income | 88,000 |  |  | 87,000 |
Total revenues | $ | 21,724,000 |  |  | $ | 25,269,000 |
Depletion, depreciation, and amortization: |  |  |
Oil and natural gas | $ | 4,947,000 |  |  | $ | 4,269,000 |
Contract drilling | 156,000 |  |  | 186,000 |
Other | 3,000 |  |  | 2,000 |
Total depletion, depreciation, and amortization | $ | 5,106,000 |  |  | $ | 4,457,000 |
Impairment: |  |  |
Oil and natural gas | $ | 2,885,000 |  |  | $ | — |
Total impairment | $ | 2,885,000 |  |  | $ | — |
Operating (loss) profit (before general and administrative expenses): |  |  |
Oil and natural gas | $ | (285,000) |  |  | $ | 4,673,000 |
Contract drilling | (1,027,000) |  |  | (428,000) |
Land investment | 500,000 |  |  | 265,000 |
Other | 125,000 |  |  | 112,000 |
Gain on sale of assets | — |  |  | 551,000 |
Total operating (loss) profit | (687,000) |  |  | 5,173,000 |
Equity in income of affiliates: |  |  |
Land investment | 1,071,000 |  |  | 758,000 |
General and administrative expenses | (5,598,000) |  |  | (6,956,000) |
Foreign currency gain | 10,000 |  |  | 76,000 |
Interest expense | (2,000) |  |  | (2,000) |
Interest income | 88,000 |  |  | 87,000 |
Loss before income taxes | $ | (5,118,000) |  |  | $ | (864,000) |
Capital Expenditures:
| Year ended September 30,
| 2024 |  | 2023
Oil and natural gas | $ | 4,228,000 |  |  | $ | 12,212,000 |
Contract drilling | 12,000 |  |  | 314,000 |
Other | 1,000 |  |  | 14,000 |
Total | $ | 4,241,000 |  |  | $ | 12,540,000 |
Oil and natural gas capital expenditures include acquisitions as well as changes to capitalized asset retirement obligations, including revisions of asset retirement obligations (see Note 8 for additional details). Assets By Segment:
| September 30,
| 2024 |  | 2023
Oil and natural gas: |  |  |
Canada | $ | 15,218,000 |  |  | $ | 18,855,000 |
United States | 4,190,000 |  |  | 5,917,000 |
Contract drilling (1) | 1,597,000 |  |  | 3,100,000 |
Other: |  |  |
Cash and cash equivalents | 4,505,000 |  |  | 2,830,000 |
Asset for retirement benefits | 4,899,000 |  |  | 4,471,000 |
Corporate and other | 260,000 |  |  | 248,000 |
Total | $ | 30,669,000 |  |  | $ | 35,421,000 |
______________ (1) L ocated in Hawaii.
Schedule of long-lived assets and revenue by geographic area | Long-Lived Assets By Geographic Area:
| September 30,
| 2024 |  | 2023
United States | $ | 9,214,000 |  |  | $ | 10,373,000 |
Canada | 12,572,000 |  |  | 15,963,000 |
Total | $ | 21,786,000 |  |  | $ | 26,336,000 |
Revenue By Geographic Area:
| Year ended September 30,
| 2024 |  | 2023
United States | $ | 6,452,000 |  |  | $ | 8,448,000 |
Canada | 15,184,000 |  |  | 16,734,000 |
Total (before interest income) | $ | 21,636,000 |  |  | $ | 25,182,000 |

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- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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