A system and method for determining formation parameters is provided. The system includes an induction logging tool having a plurality of transmitter coils. The induction logging tool further includes a plurality of receiver coils, each of the receiver coils being spaced apart from the transmitter coils by a predetermined distance and receiving a response signal from the formation. The system includes circuitry coupled to the induction logging tool, the circuitry determining voltages induced in the plurality of receiver coils by the response signal. The circuitry separates real or in-phase portions of the determined voltages from imaginary of ninety degrees out of phase portions of the determined voltages and determines formation parameters using imaginary portions of the measured voltages.