Barnwell Industries Inc. (BRN)

Overview

Barnwell Industries, Inc., founded in 1956 and based in Honolulu, Hawaii, is a diversified company involved in the acquisition, development, production, and sale of oil and natural gas primarily in Canada. The organization operates across three main segments: Oil and Natural Gas, Land Investment, and Contract Drilling. In addition to its oil and gas operations in Alberta, Barnwell Industries engages in land investments in Hawaii. This multifaceted enterprise aims to generate revenue through a blend of energy production and real estate ventures, alongside offering specialized contract drilling services.

Products and Services

• Oil and Natural Gas

Barnwell Industries engages in the acquisition, development, production, and sale of oil and natural gas assets in Alberta, Canada. They focus on identifying and extracting valuable resources to supply the energy market.

• Land Investment

The company invests in land interests within Hawaii, capitalizing on its strategic locations for future development and resale prospects. This segment aims at securing and enhancing real estate values for long-term investment returns.

• Contract Drilling

Barnwell Industries offers specialized contract drilling services through the ownership and operation of three water well drilling rigs, two pump rigs, and associated drilling and pump equipment. Their services encapsulate:

• Drilling of water and water monitoring wells of varying depths, catering to a broad range of needs from agricultural irrigation to industrial water supply.
• Installation and repair of water pumping systems, ensuring the efficient and reliable delivery of water resources.
• Distribution of Trillium Flow Technologies

Additionally, the company engages in the distribution of trillium flow technologies, enhancing its service offerings in the water management and treatment sector. This allows Barnwell Industries to provide comprehensive solutions in water resource management and infrastructure development.