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SEGMENT INFORMATION | 6 Months Ended
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Mar. 31, 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 March 31, |  | Six months ended March 31,
| 2024 |  | 2023 |  | 2024 |  | 2023
Revenues: |  |  |  |  |  |  |
Oil and natural gas | $ | 4,144,000 |  |  | $ | 3,686,000 |  |  | $ | 9,274,000 |  |  | $ | 8,912,000 |
Contract drilling | 1,070,000 |  |  | 1,501,000 |  |  | 2,063,000 |  |  | 3,449,000 |
Land investment | 500,000 |  |  | — |  |  | 500,000 |  |  | 265,000 |
Other | 42,000 |  |  | 29,000 |  |  | 59,000 |  |  | 72,000 |
Total before interest income | 5,756,000 |  |  | 5,216,000 |  |  | 11,896,000 |  |  | 12,698,000 |
Interest income | 18,000 |  |  | 23,000 |  |  | 33,000 |  |  | 52,000 |
Total revenues | $ | 5,774,000 |  |  | $ | 5,239,000 |  |  | $ | 11,929,000 |  |  | $ | 12,750,000 |
Depletion, depreciation, and amortization: |  |  |  |  |  |  |
Oil and natural gas | $ | 1,342,000 |  |  | $ | 718,000 |  |  | $ | 2,800,000 |  |  | $ | 1,514,000 |
Contract drilling | 50,000 |  |  | 43,000 |  |  | 102,000 |  |  | 86,000 |
Other | — |  |  | — |  |  | 1,000 |  |  | 1,000 |
Total depletion, depreciation, and amortization | $ | 1,392,000 |  |  | $ | 761,000 |  |  | $ | 2,903,000 |  |  | $ | 1,601,000 |
Impairment: |  |  |  |  |  |  |
Oil and natural gas | $ | 1,677,000 |  |  | $ | — |  |  | $ | 1,677,000 |  |  | $ | — |
Total impairment | $ | 1,677,000 |  |  | $ | — |  |  | $ | 1,677,000 |  |  | $ | — |
Operating profit (loss) (before general and administrative expenses): |  |  |  |  |  |  |
Oil and natural gas | $ | (1,205,000) |  |  | $ | 701,000 |  |  | $ | (324,000) |  |  | $ | 2,687,000 |
Contract drilling | (367,000) |  |  | 57,000 |  |  | (595,000) |  |  | 105,000 |
Land investment | 500,000 |  |  | — |  |  | 500,000 |  |  | 265,000 |
Other | 42,000 |  |  | 29,000 |  |  | 58,000 |  |  | 71,000 |
Gain on sale of assets | — |  |  | — |  |  | — |  |  | 551,000 |
Total operating (loss) profit | (1,030,000) |  |  | 787,000 |  |  | (361,000) |  |  | 3,679,000 |
Equity in income of affiliates: |  |  |  |  |  |  |
Land investment | 1,071,000 |  |  | — |  |  | 1,071,000 |  |  | 538,000 |
General and administrative expenses | (1,381,000) |  |  | (2,050,000) |  |  | (2,785,000) |  |  | (4,299,000) |
Foreign currency (loss) gain | (128,000) |  |  | 2,000 |  |  | (2,000) |  |  | 80,000 |
Interest expense | — |  |  | — |  |  | (2,000) |  |  | — |
Interest income | 18,000 |  |  | 23,000 |  |  | 33,000 |  |  | 52,000 |
(Loss) earnings before income taxes | $ | (1,450,000) |  |  | $ | (1,238,000) |  |  | $ | (2,046,000) |  |  | $ | 50,000 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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