Analysis of compression wave propagation in a poroelastic medium predicts a peak of reflection from a high-permeability layer in the low-frequency end of the spectrum. An explicit formula expresses the resonant frequency through the elastic moduli of the solid skeleton, the permeability of the reservoir rock, the fluid viscosity and compressibility, and the reservoir thickness. This result is obtained through a low-frequency asymptotic analysis of Biot's model of poroelasticity. A review of the derivation of the main equations from the Hooke's law, momentum and mass balance equations, and Darcy's law suggests an alternative new physical interpretation of some coefficients of the classical poroelasticity. The velocity of wave propagation, the attenuation factor, and the wave number are expressed in the form of power series with respect to a small dimensionless parameter. The absolute value of this parameter is equal to the product of the kinematic reservoir fluid mobility and the wave frequency. Retaining only the leading terms of the series leads to explicit and relatively simple expressions for the reflection and transmission coefficients for a planar wave crossing an interface between two permeable media, as well as wave reflection from a thin highly permeable layer (a lens). Practical applications of the obtained asymptotic formulae are seismic modeling, inversion, and attribute analysis.