We evaluated a method of deriving seismic fracture parameters from vertical-well-log data with the assumption that the fractured medium is transversely isotropic with a horizontal axis of symmetry (HTI). One approximation we used is that the observed vertical P-wave velocity is the same as the background isotropic P-wave velocity of the HTI medium. Another assumption was that the fractures and cracks are noninteractive and penny shaped. Using these approximations, we generated the fracture compliance matrix for each layer. Fracture parameters were then derived by constructing the HTI stiffness matrix for those layers. We tested our method using vertical-well-log data from a tight sand reservoir in Colorado, USA. “Thomsen-style” parameters were derived, and gas-filled fractures were identified on this log. The identified gas-filled fractures were compared to the production log data. The fracture density was also obtained at the well location within the depth of interest. We also found some problems and limitations caused by approximating vertical P-wave velocity the same as the background isotropic P-wave velocity.