Methods and related systems are described for analyzing electromagnetic survey data. Electromagnetic survey data of a subterranean formation is obtained using at least a downhole transceiver deployed in a borehole and a transceiver positioned on the surface, or in the same or another borehole. Limits are defined for casing correction coefficients that account for effects of the borehole casing. A constrained inversion process is performed solving for the casing correction coefficients within the defined limits, and for one or more parameters of a model representing attributes, such as resistivity, of the subterranean formation.