A hybrid evolutionary algorithm (“HEA”) technique is described for automatically calculating well and drainage locations in a field. The technique includes planning a set of wells on a static reservoir model using an automated well planner tool that designs realistic wells that satisfy drilling and construction constraints. A subset of these locations is then selected based on dynamic flow simulation using a cost function that maximizes recovery or economic benefit. In particular, a large population of candidate targets, drain holes and trajectories is initially created using fast calculation analysis tools of cost and value, and as the workflow proceeds, the population size is reduced in each successive operation, thereby facilitating use of increasingly sophisticated calculation analysis tools for economic valuation of the reservoir while reducing overall time required to obtain the result. In the final operation, only a small number of full reservoir simulations are required for the most promising FDPs.