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Insistence on well rather than good has resulted in a split in connotation: well is standard, neutral, and colorless, while good is emotionally charged and emphatic.

Well definition: in a good or satisfactory manner.. See examples of WELL used in a sentence.

WELL definition: 1. in a good way, to a high or satisfactory standard: 2. very much, to a great degree, or…. Learn more.

1. In a satisfactory condition; right or proper: All is well. 2. a. Not ailing, infirm, or diseased; healthy. See Synonyms at healthy. b. Cured or healed, as a wound.

You say well to express your surprise or anger at something that someone has just said or done.

may/might as well used to say that it is better to do something, even though it is not a lot better:

Definition of WELL in the Definitions.net dictionary. Meaning of WELL. What does WELL mean? Information and translations of WELL in the most comprehensive dictionary definitions …

a container, receptacle, or reservoir for a liquid: the well of ink in a fountain pen. Building any sunken or deep, enclosed space, as a shaft for air or light, stairs, or an elevator, extending …