A B S T R A C TPressure drops associated with reservoir production generate excess stress and strain that cause travel-time shifts of reflected waves. Here, we invert time shifts of P-, S-, and PS-waves measured between baseline and monitor surveys for pressure reduction and reservoir length. The inversion results can be used to estimate compaction-induced stress and strain changes around the reservoir. We implement a hybrid inversion algorithm that incorporates elements of gradient, global/genetic, and nearest neighbour methods and permits exploration of the parameter space while simultaneously following local misfit gradients. Our synthetic examples indicate that optimal estimates of reservoir pressure from P-wave data can be obtained using the reflections from the reservoir top. For S-waves, time shifts from the top of the reservoir can be accurately inverted for pressure if the noise level is low. However, if noise contamination is significant, it is preferable to use S-wave data (or combined shifts of all three modes) from reflectors beneath the reservoir. Joint wave type inversions demonstrate improvements over any single pure mode. Reservoir length can be estimated using the time shifts of any mode from the reservoir top or deeper reflectors. We also evaluate the differences between the actual strain field and those corresponding to the best-case inversion results obtained using P-and S-wave data. Another series of tests addresses the inversion of the time shifts for the pressure drops in two-compartment reservoirs, as well as for the associated strain field. Numerical testing shows that a potentially serious source of error in the inversion is a distortion in the strain-sensitivity coefficients, which govern the magnitude of stiffness changes. This feasibility study suggests which wave types and reflector locations may provide the most accurate estimates of reservoir parameters from compaction-induced time shifts.