A method for predicting a formation property of a formation, including the steps of: drilling a first well that penetrates the formation, obtaining well properties from the first well, determining a measured formation property from the first well, determining a correlation function that estimates a predicted formation property from the well properties, wherein the correlation function comprises coefficients, calibrating the correlation function by modifying the coefficients until the predicted formation property best matches the measured formation property, drilling a second well that penetrates the formation, obtaining well properties from the second well, determining the formation property from the second well by applying the correlation function with the modified coefficients to the well properties.