SandRidge confirms $700M capex, rig ramp down in 2015

• SandRidge Energy (SD +1.2%) rises as presentation slides for the Howard Weil Energy Conference show the company's FY 2015 capital spending plan at $700M, down from $1.6B in 2014, with a target of $200M of capital to be raised from asset sales and monetization.
• SD also sees 6% pro forma production growth to 28M-30.5M boe, and says it is ramping down from the current 19 rigs to 7.