What you have is bottom sediment layed down during the Cretaceous period when most of N America was cover by a shallow sea. Its is full of shells of the creatures that were living at the time. The rock is not a coral reef formation. It is a limestone rock that has been eaten away by acidic rain water. This forms holes and pockets in the rock.I had never heard of the stuff. I find it interesting that this is the only post I could find using the brand name Caribsea with Texas Holey rock. I was more interested in geological information on the rock but the internet is useless for finding real information anymore.
It has gone from having the best set of encyclopedias in the world at your disposal to having a complete comic book and **** collection.