BRN
- Barnwell Industries, Inc.
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Overview
Company Summary
Barnwell Industries, Inc. (BRN) is a diversified holding company with operations in various industries. The company's primary focus is on energy-related activities, particularly oil and natural gas exploration, production, and development.
In the oil and gas sector, Barnwell engages in drilling, production, and development of oil and natural gas reserves. They own and operate wells in multiple states within the United States, including Hawaii, California, and Louisiana. The company also holds interests in joint ventures and partnerships with other energy industry players.
Alongside its energy activities, Barnwell Industries operates a land investment segment. They acquire land and lease it to third parties, primarily for agricultural purposes. This land investment division generates revenue through rental payments and the sale of these properties if profitable opportunities arise.
Furthermore, Barnwell has a significant presence in the real estate sector. They own and operate commercial properties, including shopping centers and residential properties, primarily located in Hawaii and other selected U.S. locations. The real estate division contributes to the company's revenue through rental income and property sales.
Lastly, Barnwell Industries is involved in water well drilling and construction services. They provide these services primarily in Hawaii, addressing the local demand for water wells and related infrastructure.
In summary, Barnwell Industries, Inc. is a diversified holding company involved in oil and gas exploration, production, and development. They further augment their business through land investments, real estate holdings, and water well drilling services.