Refracted energy travel time can help to derive anisotropic parameters in a target layer. These anisotropic parameters allow us to both explore for new reservoirs and to understand stress and fracturing in existing reservoirs. This information can be used to i) detect oil reservoirs, ii) spot naturally fractured, hence high production zones, iii) detect dominant natural stress directions, iv) better place horizontal wells to optimize production, v) monitoring man made fractures or induced directional stress changes. The method is demonstrated using synthetic and real data.