For the avid followers of the December 30, 2017 entry, Alexa Well Econ is here to kick off 2018.

Think of Alexa Well Econ as a smart digital assistant used to determine the economics of drilling and completing a well. It takes into account well costs, the oil price, the initial well production, Arps type well profiles and production decline rates suitable for use in conventional and unconventional wells. Well Econ translates all these parameters into net present value (NPV), return on investment (ROI) and Payback, the length of time to recover the well costs. In a volatile oil or gas price environment, Well Econ’s flexibility allows rapid ‘what if’ scenarios and sensitivity analysis to quickly home in to economically robust wells, i.e., wells with high NPV, high ROI and fast Payback, leading to prudent oil and gas investment decisions.

Quick access - go to Amazon, under Alexa Skills, search "oil and gas". Enable Well Econ, and likewise for siblings Well Wildcat and Well Spread. Have fun.