The research reveals that during selection of a method to increase oil recovery it is necessary to take into account rheological features of fluid movement through the formation, effect of capillary forces and heterogeneity of reservoir properties of the productive formation in thickness and along the bedding. Low-frequency wave impact, which is used to increase production in oil fields, is considered. At low-frequency impact new fractures appear and existing fractures in rocks increase in size. The greatest increase in porosity and permeability of rocks occurs at an impact frequency up to 10 Hz. Dynamics of oscillation amplitude during wave's movement in saturated porous medium is studied in the paper: essential attenuation of amplitude occurs at distance up to 1 m from borehole axis. With increase of frequency from 1 to 10 Hz the intensity of amplitude's attenuation decreases. The technology was tested on a well in Perm region (Russia). The actual permeability value was 50 % higher than the predicted value. According to the results of hydrodynamic investigations processing, it was noted that the greatest increase of permeability took place near the wellbore, while away from the wellbore axis permeability remained almost unchanged. In order to refine the mathematical model for prediction of wave impact on rock permeability it is necessary to take into account interconnection of pore space structure, change of adhesion layer, as well as to study transfer of particles during vibration.