wcl in the news, page-27

Presumably they still have the rig. But they still have to buy in all the consumables (casing, mud, fuel), and there are many other contractors they need to use such as logistics, earthworks, geophysical logging, cementing, lab services etc.

And when you consider that rigs from a drilling service provider have access to economy of scale logistics, a company running a single rig probably isn't very efficient by comparison. Plus labour costs in general are up across the board, for everything from cooks to drillers to geologists.

So having their own rig will help, but not as much as you might think.