Barnwell Industries, Inc., incorporated on December 5, 1956, is engaged in various lines of business, such as acquiring, developing, producing and selling oil and natural gas in Canada; investing in land interests in Hawaii; drilling wells, and installing and repairing water pumping systems in Hawaii, and developing homes for sale in Hawaii. The Company's segments include Oil and Natural Gas Segment; Land Investment Segment; Contract Drilling Segment, and Residential Real Estate Segment.
Oil and Natural Gas Segment
The Company, through its subsidiary, Barnwell of Canada, Limited (Barnwell of Canada), is involved in the acquisition and development of oil and natural gas properties. Barnwell of Canada initiates and participates in acquisition and developmental operations for oil and natural gas on properties in which it has an interest, and evaluates proposals by third parties with regard to participation in exploratory and developmental operations elsewhere. The Company's investments in oil and natural gas properties are located in Canada, principally in the province of Alberta, with other non-producing holdings in the provinces of Saskatchewan and British Columbia. The Company's properties include Progress, Bonanza/Balsam, Wood River and Red Earth. As of September 30, 2016, the Company had interests in 156 gross (31.3 net) productive wells, of which 86 gross (17 net) were oil wells and 70 gross (14.3 net) were natural gas wells. As of September 30, 2016, the Company had a gross acreage of 284,851 acres and a net acreage of 55,683 acres in Canada.
Land Investment Segment
As of September 30, 2016, the Company held interests in Kaupulehu Developments, a Hawaii general partnership that has the right to receive percentage of sales payments from KD Acquisition, LLLP (KD I) and KD Acquisition II, LLLP (KD II) resulting from the sale of lots and/or residential units by KD I and KD II within the approximately 870 acres of the Kaupulehu Lot 4A area in two increments (Increment I and Increment II), located approximately six miles north of the Kona International Airport in the North Kona District of the island of Hawaii. As of September 30, 2016, Kaupulehu Developments also held an interest in approximately 1,000 acres of vacant leasehold land zoned conservation located adjacent to Lot 4A. The Company holds interests in various land development partnerships that own certain real estate and development rights interests in the Kukio, Maniniowali and Kaupulehu portions of Kukio Resort, a private residential community on the Kona coast of the island of Hawaii, as well as Kukio Resort's real estate sales office operations. The Company also indirectly holds interests in a residential parcel in Kaupulehu Lot 4A Increment I.
Contract Drilling Segment
The Company's subsidiary, Water Resources International, Inc. (Water Resources), drills water and water monitoring wells of varying depths in Hawaii, installs and repairs water-pumping systems, and is the distributor for Floway pumps and equipment in the state of Hawaii. As of September 30, 2016, Water Resources owned and operated four water well drilling rigs, two pump rigs, and other ancillary drilling and pump equipment. As of September 30, 2016, Water Resources leased a three-quarter of an acre maintenance facility in Honolulu, Hawaii, a one-acre maintenance and storage facility with 2,800 square feet of interior space in Kawaihae, Hawaii, and a one-half acre equipment storage yard in Waimea, Hawaii, and maintained an inventory of drilling materials and pump supplies.
Residential Real Estate Segment
Kaupulehu 2007, LLLP owns and develops residences for sale. As of September 30, 2016, the Company had no homebuilding operations.
1100 Alakea St Ste 2900
The company trades on AMEX exchange. The company headquarter is located in Hawaii, HI. The company was established in the 1956.| Ticker | BRN |
| Long Name | Barnwell Industries, Inc. |
| Short Name | Barnwell Industries |