Barnwell

Barnwell Industries, Inc. Reports Sale of Drilling Rig and Provides Canadian Oil and Gas Update

Retrieved on: 
Tuesday, September 13, 2022
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Mr. Alexander C. Kinzler, Chief Executive Officer of Barnwell, commented, We are pleased to report the sale of a drilling rig which will result in a gain to be recognized in our fiscal 4th quarter ending September 30, 2022.

Key Points: 
  • Mr. Alexander C. Kinzler, Chief Executive Officer of Barnwell, commented, We are pleased to report the sale of a drilling rig which will result in a gain to be recognized in our fiscal 4th quarter ending September 30, 2022.
  • We previously sold another drilling rig in October 2021 for approximately $670,000 and the Company is taking these actions to reduce our contract drilling operating costs.
  • We still own 5 rigs for drilling and pump installation.
  • Barnwells share of the current pre-royalty, combined production is 350 barrels of oil, 60 barrels of natural gas liquids and 2,000 thousand cubic feet (MCF) of natural gas per day.

Barnwell Industries, Inc. Reports Earnings for the Third Quarter and Nine Months Ended June 30, 2022 and the Declaration of a Cash Dividend

Retrieved on: 
Friday, August 12, 2022
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At the same time our quarterly production of all petroleum products, oil, natural gas, and natural gas liquids increased 34%, 37%, and 117%, from last years quarter.

Key Points: 
  • At the same time our quarterly production of all petroleum products, oil, natural gas, and natural gas liquids increased 34%, 37%, and 117%, from last years quarter.
  • The Company did receive $385,000 in net cash distributions in our third quarter.
  • Additionally, in last years third quarter the Company recognized a $2,341,000 gain on termination of its post-retirement medical plan, there was no such gain this quarter.
  • A second drilling program consisting of four wells (1.16 net) in the NTU began in our third quarter.

Barnwell Industries, Inc. Announces Board Changes

Retrieved on: 
Tuesday, August 9, 2022
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HONOLULU, Aug. 09, 2022 (GLOBE NEWSWIRE) -- Barnwell Industries, Inc. (NYSE American: BRN) (the Company) today announced certain changes made to the composition of board committees, the operation of the Companys Board of Directors (the Board) and the roles of certain Board members that are intended to improve the effectiveness and collegiality of Board decision-making.

Key Points: 
  • HONOLULU, Aug. 09, 2022 (GLOBE NEWSWIRE) -- Barnwell Industries, Inc. (NYSE American: BRN) (the Company) today announced certain changes made to the composition of board committees, the operation of the Companys Board of Directors (the Board) and the roles of certain Board members that are intended to improve the effectiveness and collegiality of Board decision-making.
  • Director Francis J. Kelly has succeeded to the committee positions previously held by Mr. Grossman, and Mr. Kelly is now the chairman of the Nominating Committee of the Board of Directors.
  • The Board is considering additional changes to its composition and operation.
  • Although Barnwell believes that its current expectations are based on reasonable assumptions, it cannot assure that the expectations contained in such forward-looking statements will be achieved.

Barnwell Industries, Inc. Reports Earnings for the Second Quarter and Six Months Ended March 31, 2022

Retrieved on: 
Friday, May 13, 2022
Capital, Company, Natural gas, Private Securities Litigation Reform Act, U.S. Securities and Exchange Commission, Barnwell, Annual report, Form 10-K, Securities Act of 1933, Securities Exchange Act of 1934, Retirement, Capital expenditure, Forward-looking statement, Federal Lands Jobs and Energy Security Act, Sale, Security (finance), Acquisition, Phrase, NYSE, GLOBE, Oil

Notably, our new Oklahoma oil production accounted for 22% of our second quarter production on a barrel of oil equivalent basis, as compared to none in the prior years quarter.

Key Points: 
  • Notably, our new Oklahoma oil production accounted for 22% of our second quarter production on a barrel of oil equivalent basis, as compared to none in the prior years quarter.
  • These real estate sales also significantly increased our reported earnings of affiliates by $1,136,000, in this quarter as compared to last years quarter ended March 31, 2021.
  • Capital expenditures incurred for the drilling of these wells in the six months ended March 31, 2022 totaled approximately $4,258,000.
  • Barnwell ended the quarter with $11,026,000 in working capital, which includes $9,626,000 in cash and cash equivalents.

Latest Wolters Kluwer ELM Solutions Podcast Discusses Information Management Challenges with Microsoft Legal Experts

Retrieved on: 
Thursday, April 14, 2022
Professional Services, Technology, Legal, Finance, Software, Consulting, Spend, Air Force Legal Operations Agency, Microsoft, Corporation, Compliance, WKL, IDC, ELM, GRC, Barnwell, Forrester, Metadata, Wolters, Efficiency, Solution, Technology, Wolters Kluwer, Insurance, Legal Affairs, Digital transformation, Environment, CT Corporation, General manager, Hyperion, Private law, Record, Face, Accounting, Risk, Software as a service, Contract, Risk management, External, Industry, Orrison

The latest installment of Wolters Kluwer ELM Solutions Legal Leaders Exchange Podcast welcomes two experts from the corporate legal department at Microsoft Corporation Tom Orrison, Director of Legal Operations, and Jason Barnwell, General Manager for Digital Transformation of Corporate, External and Legal Affairs.

Key Points: 
  • The latest installment of Wolters Kluwer ELM Solutions Legal Leaders Exchange Podcast welcomes two experts from the corporate legal department at Microsoft Corporation Tom Orrison, Director of Legal Operations, and Jason Barnwell, General Manager for Digital Transformation of Corporate, External and Legal Affairs.
  • The Legal Leaders Exchange Podcast was launched to deliver unparallelled insight into how todays corporate law departments are optimizing their legal operations and driving new efficiencies, Cemenska of Wolters Kluwer ELM Solutions says.
  • ELM Solutions , part of Wolters Kluwers Governance, Risk & Compliance (GRC) division , is the market-leading global provider of enterprise legal spend and matter management, contract lifecycle management and legal analytics solutions.
  • Wolters Kluwer ELM Solutions was named a leader in both the IDC MarketScape: Worldwide Enterprise Legal Spend Management 2020 Vendor Assessment and IDC MarketScape: Worldwide Enterprise Matter Management 2020 Vendor Assessment.

Barnwell Industries, Inc. Announces Appointment of New Director

Retrieved on: 
Thursday, March 10, 2022
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Mr. Alexander C. Kinzler, Chief Executive Officer of Barnwell, commented, We are pleased to announce that on March 10, 2022, the board of directors of Barnwell Industries, Inc. appointed Mr. Francis J. Kelly to serve as a director on the board, effective immediately.

Key Points: 
  • Mr. Alexander C. Kinzler, Chief Executive Officer of Barnwell, commented, We are pleased to announce that on March 10, 2022, the board of directors of Barnwell Industries, Inc. appointed Mr. Francis J. Kelly to serve as a director on the board, effective immediately.
  • The board has determined that Mr. Kelly is independent for the purposes of Section 803A of the NYSE American Company Guide.
  • Mr. Kelly commented, I am honored and grateful to have been elected to the Board of Directors of Barnwell Industries, Inc.
  • Mr. Peter J. OMalley, Chairman of the Board of Directors, commented, We are delighted that Frank has agreed to join the Barnwell Board.

Barnwell Industries, Inc. Announces Mr. Colin O’Farrell’s Resignation as a Director

Retrieved on: 
Tuesday, March 8, 2022
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On behalf of our Board and Barnwells management team, we thank Colin for his service to the Company, stated Mr. Peter J. OMalley, Chairman of the Board.

Key Points: 
  • On behalf of our Board and Barnwells management team, we thank Colin for his service to the Company, stated Mr. Peter J. OMalley, Chairman of the Board.
  • We greatly appreciate the insight and expertise that Colin provided to Barnwells oil and gas business, which has helped Barnwell focus and stabilize its Canadian oil and gas operations, and the assistance Colin provided with Barnwells multi-well Oklahoma program.
  • The Company and entire Board would like to thank Mr. OFarrell for his services and contributions and wish him well in his future endeavors.
  • Mr. OFarrell stated, It has been a privilege to serve on the Board at this critical time for Barnwells trajectory.

Barnwell Industries, Inc. Reports Earnings for its First Quarter Ended December 31, 2021

Retrieved on: 
Friday, February 11, 2022
NYSE, Barnwell, Company, Form 10-K, Phrase, Annual report, Forward-looking statement, U.S. Securities and Exchange Commission, Security (finance), Federal Lands Jobs and Energy Security Act, Private Securities Litigation Reform Act, Securities Exchange Act of 1934, Securities Act of 1933, Natural gas, GLOBE, Oil

Our oil and natural gas operating margins improved as prices increased for all products; oil, natural gas, and natural gas liquids increasing 93%, 92%, and 41%, respectively.

Key Points: 
  • Our oil and natural gas operating margins improved as prices increased for all products; oil, natural gas, and natural gas liquids increasing 93%, 92%, and 41%, respectively.
  • Notably, our new Oklahoma oil production accounted for 15% of our first quarter oil production as compared to none in the prior years quarter.
  • We expect all three of these wells to commence production during our second quarter ending March 31, 2022.
  • These statements include various estimates, forecasts, projections of Barnwells future performance, statements of Barnwells plans and objectives, and other similar statements.

Barnwell Reports Net Earnings of $6.25 Million and $0.73 Net EPS for Fiscal Year Ended September 30, 2021

Retrieved on: 
Monday, December 20, 2021
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HONOLULU, Dec. 20, 2021 (GLOBE NEWSWIRE) -- Barnwell Industries, Inc. (NYSE American: BRN) today reported results for the three months and year ended September 30, 2021.

Key Points: 
  • HONOLULU, Dec. 20, 2021 (GLOBE NEWSWIRE) -- Barnwell Industries, Inc. (NYSE American: BRN) today reported results for the three months and year ended September 30, 2021.
  • During the quarter ended September 30, 2021, the Company sold 581,441 shares under this agreement for net proceeds of $1,924,000 ($3.31 per share).
  • During the year ended September 30, 2021, the Company sold 1,167,987 shares under this agreement for net proceeds of $3,784,000 ($3.24 per share).
  • The financial results of these events will be reflected in Barnwells report for the quarter ending December 31, 2021.

Curator Hotel & Resort Collection Celebrates First Anniversary

Retrieved on: 
Wednesday, November 17, 2021
Lodging, Destinations, Travel, Vacation, Industry, Collection, Leadership, Hotel, CEO, Technology, Freedom, Growth, Travel, Multimedia, HOTELS, Sabre, Trust, Company, Environment, Solution, NYSE, Barnwell, Condé Nast, Tourism

Curator Hotel & Resort Collection (Curator) is celebrating its first anniversary following an eventful year filled with noteworthy accomplishments, tremendous growth, impactful partnerships, and industry accolades.

Key Points: 
  • Curator Hotel & Resort Collection (Curator) is celebrating its first anniversary following an eventful year filled with noteworthy accomplishments, tremendous growth, impactful partnerships, and industry accolades.
  • View the full release here: https://www.businesswire.com/news/home/20211117005415/en/
    This has been an extraordinary year, said Jennifer Barnwell, President, Curator Hotel & Resort Collection.
  • This first anniversary marks our significant progress supporting independent hotels and resorts by creating a dynamic array of services and tailored solutions to help member hotels gain a competitive advantage," commented Jon E. Bortz, Founder of Curator Hotel & Resort Collection and President and CEO of Pebblebrook Hotel Trust.
  • Curator Hotel & Resort Collection is a distinct collection of hand-selected small brands and independent lifestyle hotels and resorts worldwide, founded by Pebblebrook Hotel Trust and a group of industry-leading hotel operators.