Barnwell acquires and develops crude oil and natural gas assets in the province of Alberta, Canada via two corporate entities, Barnwell of Canada and Octavian Oil. Barnwell of Canada is a U.S. incorporated company that has been active in Canada for over 50 years, primarily as a non-operator participating in exploration projects operated by others. Octavian Oil is a Canadian company, set up in 2016, to achieve long term growth through the acquisition of crude oil reserves and development of these reserves through horizontal well drilling and completion techniques.
Barnwell Industries, Inc. and its subsidiaries are principally engaged in the following activities:
- Oil and Natural Gas. Barnwell engages in oil and natural gas exploration, development, production and sales in Canada.
- Land Investment. Barnwell invests in leasehold interests in real estate in Hawaii.
- Contract Drilling. Barnwell provides well drilling services and water pumping system installation and repairs in Hawaii.