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Brief -- SandRidge

SandRidge Energy Inc. said in an update it expects to drill a total of 37 wells this year, 26 horizontal laterals in the Midcontinent and 11 in Colorado's Niobrara formation. Annual production is forecast to total about 18.9-19.3 million boe, versus nearly 30 million boe in 2015. Capital spending for 2016 is expected to be around $225-255 million. Two rigs are running in the onshore, one in the Mississippian Lime and one in the Niobrara's North Park Basin, which SandRidge entered in 2015 (see Shale DailyNov. 5, 2015). The company is scheduled to emerge from Chapter 11 bankruptcy protection in early October (see Shale DailySept. 12).

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