Rigorous cross-property bounds that connect the effective thermal cond
uctivity k (or the electrical conductivity sigma*) and the effective
bulk modulus K of any isotropic, two-phase composite were recently de
rived by the authors. Here we reformulate these bounds and apply them
to porous rocks with dry or fluid-filled pores. It is shown that knowl
edge of the effective conductivity can yield sharp estimates of the ef
fective bulk modulus (and vice versa), ever, in cases where there is a
wide disparity in the phase properties. The bounds yield, in particul
ar, relations between the formation factor and the bulk modulus of the
porous medium. By using the same approach we obtain new relations bet
ween the bulk moduli of a dry porous material and the bulk modulus of
the same material with fluid-filled pores that are more general than t
he traditional Gassmann equation. The Gassmann formula for the bulk mo
dulus of the fluid-saturated porous medium is shown to correspond to a
lower bound on this quantity. Limiting cases that we consider include
cracked materials with dry and fluid-saturated pores. Theoretical res
ults are tested against experimental measurements of the effective bul
k modulus of dry and water-saturated Westerly granite and sandstone sa
mples. We found good agreement between our cross-property bounds and t
he experimental data, even when the experimental data depart from the
Gassmann formula. Our results add new insight to understanding of the
properties of the porous media. They show that the Gassmann approximat
ion works well for rocks with high porosity but needs to be corrected
for rocks with high crack-type porosity.