The present invention is a well logging method for determining the water saturation of an earth formation and the water's resistivity. Electromagnetic energy is transmitted into the earthen formation from a borehole traversing the earth formation. The electromagnetic energy is transmitted at two different frequencies within a range of frequency from 10 MHz to 200 MHz. Electromagnetic energies are received in the borehole from the earth formation. A phase difference and amplitude ratio for each transmitting frequency is derived from the received electromagnetic energy. The water resistivity and water saturation of the earth formation are derived from the derived phase differences and the amplitude ratios.