Well log data from two wells were evaluated for shale volume, total and effective porosity. Well log data were obtained from gamma ray, neutron-density log, resistivity, sonic and caliper log respectively. This study aimed at evaluating the effect of shale volume, total and effective porosity form two well log data. The results of the analysis depict the presence of sand, sand-shale and shale formations. Hydrocarbon accumulation were found to be high in sand, fair in sand-shale and low in shale, since existence of shale reduces total and effective porosity and water saturation of the reservoir. The thickness of the reservoir ranged from 66 – 248.5ft. The average values of volume of shale, total and effective porosity values ranged from 0.004 – 0.299dec, 0.178 – 0.207dec and 0.154 – 0.194dec. Similarly, the water saturation and permeability ranged from 0.277 – 0.447dec and 36.637 - 7808.519md respectively. These values of total and effective porosity are high in sand, fair in sand-shale and low in shale formations. The results for this study demonstrate: accuracy, applicability of these approaches and enhance the proper evaluation of petrophysical parameters from well log data.