Further demonstrating its great versatility, MICA calculates expenses and taxes on any number of bases such as: % Of Oil Revenue, % Of Gas Revenue, % Of Water Revenue, % Of Other 1 Revenue, % Of Other 2 Revenue, % Of Total Revenue, $/BBL Of Oil, $/MCF Of Gas, $/BBL Of Water, $/Unit Of Other 1, $/Unit Of Other 2, $/Month, or $/Well. In addition, you can enter prices, expenses, taxes, and interests month-by-month; escalated using any number of escalation steps; as a constant value; or set to a default data set.

You can set up any number of different ownership perspectives, and by simply selecting an owner from a list, evaluate economics for that owner.

MICA possesses some very powerful compositing capabilities. Once you define a group of leases or wells, you can perform various operations on that group. For example, you can add (or subtract for incremental economics) production history, production forecasts, economic data, and combine P/Z versus cumulative data. You can also modify the prices, expenses, taxes, etc., on all member leases in a "batch" mode.

You can also have MICA analyze the production history of each member lease in the composite group and project production using best fit Arps decline curve equations. Graphs and reports can also be printed for member leases in a batch mode. MICA calculates up to twenty five different net present values, more than enough to produce a smooth graph of Discount Rate Versus Net Present Value as shown below