Step 1: Analyze each statement based on the principles of neutron log interpretation:
- A neutron log measures the hydrogen content in a formation, which is indicative of porosity when the pores are filled with fluids (water or oil) that contain hydrogen.
- The neutron porosity reading can be affected by the type of fluid and the formation characteristics.
Step 2: Evaluate option (A):
- Overpressured shale typically has higher porosity due to compaction effects, and neutron logs tend to show higher neutron porosity in such cases, not very low. Thus, (A) is incorrect.
Step 3: Evaluate option (B):
- The neutron log primarily measures the porosity filled with liquids (water or oil) because these fluids have a high hydrogen content that slows down neutrons. This is a correct statement, so (B) is correct.
Step 4: Evaluate option (C):
- In a gas-bearing clean sandstone formation, the neutron porosity is lower than the actual porosity because gas has a lower hydrogen index compared to liquids. This causes the neutron log to underestimate the porosity, making (C) correct.
Step 5: Evaluate option (D):
- A low neutron porosity indicates a lower hydrogen content, which corresponds to a lower Hydrogen Index, not a high one. Thus, (D) is incorrect.
Step 6: Conclusion:
- The correct statements are (B) and (C).