A method for determining relative location of an acoustic event along a channel such as a wellbore includes obtaining two acoustic signals at are obtained at two different and known depths in the wellbore, dividing the acoustic signals into windows, and determining the relative loudnesses of pairs of the windows. The power of the acoustic signals may be used as a proxy for the loudness of the acoustic event, and this determination can be made in the time or frequency domains. The relative depth of the acoustic event can then be determined relative to the two known depths from the relative loudnesses. The acoustic event may be, for example, casing vent flow, gas migration, a leak along a pipeline, or sounds observed in an observation well from a nearby well in which fracking is being performed.