Method and system of determining a parameter associated with a formation corrected for neutrons produced

Determining a parameter associated with a formation corrected for neutrons produced. At least some of the illustrative embodiments are methods including: disposing a logging tool within a borehole, the borehole penetrates a formation; producing neutrons by a neutron source within the logging tool; detecting neutrons produced by the neutron source, the detecting by a neutron detector; creating an indication of a number of neutrons produced by the neutron source, the indication based only on neutrons detected that have not interacted with other elements before entering the neutron detector; obtaining a count rate of a gamma detector responsive to the production of neutrons by the neutron source; and determining a parameter associated with the formation based on the count rate and on the indication of the number of neutrons produced.