Hundreds of shallow, small to moderate earthquakes have occurred near the Lacq deep gas field in southwestern France since 1969. These earthquakes are clearly separated from tectonic seismicity occurring in the Pyrenees, 25 km to the southwest. The induced seismicity began when the reservoir pressure had declined by ~30 MPa. Repeated leveling over the field shows localized subsidence reaching a maximum of 60 mm in 1989. Segall (1989) suggested that poroelastic stressing, associated with volumetric contraction of the reservoir rocks, is responsible for induced seismicity associated with fluid extraction. To test this model, we compare the observed subsidence and hypocentral distributions with the predicted displacement and stress fields. We find that the relationship between average reservoir pressure drop and subsidence is remarkably linear, lending support to the linear poroelastic model. Displacements and stresses are computed based on a priori knowledge of the reservoir geometry, material properties, and reservoir pressure changes. The computed vertical displacements are found to be in excellent agreement with the subsidence observed from leveling. Stress perturbations accompanying gas extraction, computed using the same parameters, are found to be ~0.2 MPa or less. Changes in Coulomb failure stress are computed assuming that slip occurs on optimally oriented planes. The predicted failure zones correlate very well with the spatial distribution of earthquakes if the perturbing stresses are small in comparison to the ambient regional deviatoric stresses and if the minimum regional compressive stress axis is vertical. Accurate determination of focal mechanisms of the induced events would allow a more rigorous test of the poroelastic model and could lead to important inferences about the crustal stress state. ¿ American Geophysical Union 1994