An embodiment of a method of estimating characteristics of an earth formation includes: disposing an acoustic tool in a borehole in an earth formation, the acoustic tool including an acoustic multipole transmitter and at least one multipole acoustic receiver; transmitting acoustic signals into the borehole, the acoustic signals generating at least one acoustic body wave that radiates away from the borehole into a far-field formation region; measuring reflected signals including body waves reflected from reflective boundaries in the far-field formation region; identifying a reflective boundary in the formation and reflection attributes associated with the reflective boundary; and estimating at least one of a thickness, distance and a lateral extent of a hydrocarbon formation feature based on the reflected signals and the reflection attributes.