![2020.6 Midstream – FundamentalEdge Report Preview – [June 2020]](https://www.enverus.com/wp-content/uploads/2019/08/Enverus_DrillingInfo_Ver.png)
FundamentalEdge Preview Report – June 2020
2020 Production: Shut-ins, DUCs
This month’s issue of FundamentalEdge explores the ongoing supply response to demand destruction caused by the COVID-19 pandemic.
Since the crash in oil prices in March, the rig count has fallen by 670 or 66% (May vs. March). This significant decline implies a dramatic drop in current production.
In this report, Enverus will present several additional indicators by basin that help quantify the size of the production decline foretold by this rig count.
![2020.6 Midstream – FundamentalEdge Report Preview – [June 2020]](https://www.enverus.com/wp-content/uploads/2020/06/EnverusDI_2020-Production-Shut-ins-DUCs_JUNE2020_PREVIEW-page-001.jpg)