Seems solid for standard - it's been a minute since we've had access to this effect under 3 CMC in monocolor without some sort of drawback (
Lay Bare the Heart and
Transgress the Mind have limited targets,
Thought Erasure surveils but also requires two colors,
Drill Bit is exceptionally strong when it works but highly deck, metagame, match-up, and draw dependent).
Exile and being able to hit the 'yard if nothing excites you in hand are also both big deals. If the format is slow enough, I expect this to be a workhorse in Standard and a hopeful in Pioneer (i.e. the two formats where this isn't competing with
Thoughtseize).