A method for correcting errors in LWD depths includes performing torque and drag model analysis using drillstring weight, downhole friction, weight on bit, thermal expansion, rig heave and tide to produce a corrected time-depth file, wherein the torque and drag model is automatically calibrated using effective block weight, drillpipe wear, and sliding friction; and correcting time-based LWD data using the corrected time-depth file to produce depth-corrected LWD data. A system for correcting errors in LWD depths includes a processor and a memory that stores a program having instructions for: performing torque and drag model analysis using drillstring weight, downhole friction, weight on bit, thermal expansion, rig heave and tide to produce a corrected time-depth file, wherein the torque and drag model is automatically calibrated using effective block weight, drillpipe wear, and sliding friction; and correcting time-based LWD data using the corrected time-depth file to produce depth-corrected LWD data.