This project investigates the nature of Dresser-Atlas Carbon/Oxygen Log gamma ray spectra. It presents an attempt to improve the signal-to-noise ratio of the C/O and Si/Ca parameters used by Dresser-Atlas to determine oil saturation. Two techniques were developed to subtract the Compton background from the spectral data. Neither technique significantly improves the accuracy of the cased-hole prediction of oil saturation. However, it has been shown that it is possible to develop a satisfactory correlation for oil saturation on a well-by-well basis. This correlation can then be used to generate oil-in-place from the C/O and Si/Ca ratios. 17 references.