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SEGMENT INFORMATION (Tables) | 6 Months Ended
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Mar. 31, 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.
| 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 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 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: 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 3: 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 4: 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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