---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-25-009113"
form_type: "8-K"
ticker: "BRN"
cik: "0000010048"
company_name: "BARNWELL INDUSTRIES INC"
filed_at: "2025-03-18T23:59:59+00:00"
generated_at: "2026-05-24T12:49:26.979374+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Barnwell Industries sells water drilling subsidiary for $1,050,000 to focus on oil and gas

## Summary
- Sale price of $1,050,000 for wholly owned Water Resources International, Inc., a deep drilling and well pumping specialist in Hawaii.
- Divested Contract Drilling segment generated trailing twelve months revenue of approximately $3,162,000 through December 31, 2024.
- Proceeds will be used for general corporate purposes, with focus on reinvestment in oil and gas operations.
- Sale intended to streamline operations, reduce G&A expenses, and simplify corporate structure, including reducing Hawaii footprint.
- CEO Craig Hopkins stated the sale was a strategic Board objective to reduce fixed costs and focus on higher return opportunities.

## SEC filing metadata
- accession: 0001140361-25-009113
- form_type: 8-K
- ticker: BRN
- cik: 0000010048
- company_name: BARNWELL INDUSTRIES INC
- filed_at: 2025-03-18T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/10048/000114036125009113/0001140361-25-009113-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/10048/000114036125009113/ef20045651_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-009113
- JSON: https://secwatch.observer/filing/0001140361-25-009113.json
- Plain text: https://secwatch.observer/filing/0001140361-25-009113.txt

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