---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-22-046080"
form_type: "8-K"
ticker: "BRN"
cik: "0000010048"
company_name: "BARNWELL INDUSTRIES INC"
filed_at: "2022-12-19T23:59:59+00:00"
generated_at: "2026-06-21T02:18:25.223304+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Barnwell Industries acquires 22.3% working interest in Permian Basin acreage for $5.1M

## Summary
- Acquired 22.3% non-operated working interest in Permian Basin leasehold for $805,651.
- Also acquired 15.4% non-operated working interest in two planned oil wells.
- Prepaid $4,293,162 as share of estimated drilling, completion, and equipping costs.
- Total cash outlay of approximately $5.1M, paid from available cash.

## SEC filing metadata
- accession: 0001140361-22-046080
- form_type: 8-K
- ticker: BRN
- cik: 0000010048
- company_name: BARNWELL INDUSTRIES INC
- filed_at: 2022-12-19T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/10048/000114036122046080/0001140361-22-046080-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/10048/000114036122046080/brhc10045526_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-22-046080
- JSON: https://secwatch.observer/filing/0001140361-22-046080.json
- Plain text: https://secwatch.observer/filing/0001140361-22-046080.txt

## Key facts
- Material Agreements
  BARNWELL INDUSTRIES INC entered into Purchase and Sale Agreement with Alchemist Energy LeaseCo, LP valued at US$ 805,651 (effective 2022-12-01).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Alchemist Energy LeaseCo, LP
  - Value: US$ 805,651
  - Effective: 2022-12-01
  source text: As of December 14, 2022, Barnwell Texas, LLC (“Barnwell Texas”), a subsidiary of Barnwell Industries, Inc. (the “Company”), entered into a Purchase and Sale Agreement with Alchemist Energy LeaseCo, LP (“AEL”) whereby Barnwell Texas acquired from AEL a 22.3% non-operated working interest in oil and gas leasehold acreage in the Permian Basin in Texas, together with associated contracts, contract rights, joint venture interests and other related assets (the “Purchase and Sale Agreement”). The effective date of the Purchase and Sale Agreement was December 1, 2022. In connection with the purchase of such leasehold interests, Barnwell Texas acquired a 15.4% non-operated working interest in two planned oil wells in Texas (the “Wells”). The purchase price for the interest in the leasehold acreage was US$ 805,651.
  evidence_url: https://www.sec.gov/Archives/edgar/data/10048/000114036122046080/0001140361-22-046080-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.