Knowledge of tho hydraulic characteristics of aquifer systems is fundamental to defining the vertical and horizontal controls on fluid movement, information which is needed for assessing the environmental impact of subsurface waste storage. To meet this objective, natural water-level fluctuations in the 2,947-foot deep Peninsula Utilities disposal well near Miami, Florida were analyzed to obtain estimates of the hydraulic diffusivity, hydraulic conductivity, specific storage, transmissivity, and the storage coefficient of the Boulder Zone. The fluctuations are caused chiefly by oceanic and earth tides, and by changes in atmospheric pressure. The oceanic tidal fluctuations probably result from loading due to tides in Biscayne Bay.