Carbonate lithofacies of the Lower Cretaceous Sligo Formation and James Limestone were regionally evaluated using established U.S. Geological Survey (USGS) assessment methodology for undiscovered conventional hydrocarbon resources. The assessed area is within the Upper Jurassic–Cretaceous–Tertiary Composite total petroleum system, which was defined for the assessment. Hydrocarbons reservoired in carbonate platform Sligo-James oil and gas accumulations are interpreted to originate primarily from the Jurassic Smackover Formation. Emplacement of hydrocarbons occurred via vertical migration along fault systems; long-range lateral migration also may have occurred in some locations. Primary reservoir facies include porous patch reefs developed over paleostructural salt highs, carbonate shoals, and stacked linear reefs at the carbonate shelf margin. Hydrocarbon traps dominantly are combination structural-stratigraphic. Sealing lithologies include micrite, calcareous shale, and argillaceous lime mudstone. A geologic model, supported by discovery history analysis of petroleum geology data, was used to define a single regional assessment unit (AU) for conventional reservoirs in carbonate facies of the Sligo Formation and James Limestone. The AU is formally entitled Sligo-James Carbonate Platform Oil and Gas (50490121). A fully risked mean undiscovered technically recoverable resource in the AU of 50 million barrels of oil (MMBO), 791 billion cubic feet of natural gas (BCFG), and 26 million barrels of natural gas liquids was estimated. Substantial new development through horizontal drilling has occurred since the time of this assessment (2010), resulting in cumulative production of >200 BCFG and >1 MMBO.