Acoustic calipering and analysis of annulus materials

An apparatus and method may operate to mount acoustic sensors, azimuthally offset from each other, to the exterior of a casing. After the casing and acoustic sensors are in the borehole, signals are provided to the acoustic sensors to cause the acoustic sensors to emit acoustic signals into the annulus around the casing. The method further includes detecting reflected compression waves, shear waves or a combination or conversion thereof at the acoustic sensors to generate a set of two]way travel times of the acoustic signals. The method can further include generating distance measurements of a distance between corresponding acoustic sensors and points on the borehole wall based on the two]way travel times, to determine a position of the casing within the borehole. The method can further include identifying fluids based on the two]way travel times. Additional apparatus, systems, and methods are disclosed.