Why Oil Companies Leave So Much Money Downhole

Why Oil Companies Leave So Much Money Downhole

July 10, 2026 · 45 min · Episode 251

About this episode

D.J. Snyder discusses the overlooked potential in oil production and how his company Vannevar develops tools to enhance output from existing wells.

Everybody chases the drill bit, but the real money can hide in wells that have produced for years. D.J. Snyder left drilling and completions to chase what nobody wanted to touch: production. His company Vannevar builds downhole tools that squeeze more oil out of wells already in the ground, using a marginal gains mindset borrowed from F1 and the Tour de France. Chuck gets into frac plugs, pumper routes, why nobody shuts in a well to fix it, and how AI could give operators one source of truth. Click here to watch a video of this episode. Join the conversation shaping the future of energy. Collide is the community where oil & gas professionals connect, share insights, and solve real-world problems together. No noise. No fluff. Just the discussions that move our industry forward. Apply today at collide.io Click here to view the episode transcript. 00:00 Meet D.J. Snyder 01:05 From drilling to the overlooked world of production 02:47 Old tech, new problems: gas, sand, and horizontal wells 06:24 Physical widgets and the marginal gains mindset 08:32 Why there's no one size fits all 13:00 Heresy: actually watch and fix your wells 16:57 The AI promise of one source of truth 18:43…

More episodes of Chuck Yates Got A Job

Explore listener stats, chart rankings, contacts and more on the Chuck Yates Got A Job podcast page.