A project to recover economic amounts of oil from a very mature oil field is being conducted by Laguna Petroleum Corporation of Midland, Texas, with partial funding from a U. S. Department of Energy grant to study shallow carbonate rock reservoirs. The objectives of the project are to use modern engineering methods to optimize oil field management and to use geological and geophysical data to recover untapped potential within the petroleum reservoirs. The integration of data and techniques from these disciplines has yielded results greater than those achievable without their cooperation. The cost of successfully accomplishing these goals is to be low enough for even small independent operators to afford. This article is a report describing accomplishments for the fiscal year 1997-1998.