An incomplete snippet of my static app Webpack configuration

webpack.config.js

const nodeModulesPath = path.resolve(__dirname, 'node_modules');
const faviconsPath = path.resolve(__dirname, 'app/favicons/');
// ...

const commonConfig = merge([{
  context: path.resolve(__dirname, 'app'),
  entry: {
    index: './javascripts/index.js',
    base: './javascripts/base.js',
  },
  output: {
    path: path.resolve(__dirname, 'build'),
    filename: '[name].bundle.js',
    publicPath: config.publicPath,
  },
  module: {
    rules: [
      // Favicons - just pass through to root using same file name
      {
        include: [faviconsPath],
        use: [
          {
            loader: 'file-loader',
            options: { name: '[name].[ext]' }
          },
        ],
      },
      // Images other than favicons - inline if less than 8K, load files, optimize them
      {
        test: /\.(png|svg|jpg|gif)$/,
        exclude: [nodeModulesPath, faviconsPath],
        use: [
          {
            loader: 'url-loader', // default fallback is file-loader
            options: { limit: 8000, name: 'images/[name].[hash].[ext]', }
          },
          {
            loader: 'image-webpack-loader',
            options: {
              bypassOnDebug: true,
              optipng: { optimizationLevel: 3 },
              pngquant: { enabled: false },
            }
          },
        ],
      },
      {
        test: /\.html$/,
        exclude: [nodeModulesPath],
        use: [
          { loader: 'file-loader', options: { name: '[name].[ext]' } },
          'extract-loader',
          { loader: 'html-loader', options: { minimize: true } },
        ]
      }, 
      // ...
    ]
  },
}])