Barnwell is a small independent energy and real estate company with two operating segments: crude oil and natural gas development and production primarily in Alberta, Canada, and land investments in Hawaii. Through its Canadian subsidiaries, the company develops and operates oil and gas properties, with its largest asset being the Twining field in Alberta; it sells its production under short-term contracts at market prices to local purchasers. In Hawaii, Barnwell holds a majority interest in a partnership that owns acreage in the North Kona District, which has historically developed residential homesites. The company generates revenue from the sale of oil, natural gas, and natural gas liquids at commodity prices, supplemented by gains on land development sales, though it operates at a small scale relative to competitors in both industries.