With the continuous increase in exploration efforts in new zones and new strata, significant breakthroughs have been made in the natural gas exploration of the O1m56 to O1m4 formations in the Ordos Basin. Thus, the origin and exploration potential of subsalt natural gas have attracted much attention and urgently need to be addressed. On the basis of certain geochemical characteristics, genetic types, and sources of natural gas, a comprehensive study on the sedimentary environment, organic geochemical characteristics, and spatial distribution scale of source rocks are conducted in this paper by using geological and geochemical methods. The study shows that: (1) The Ordovician subsalt natural gas is mainly “pyrolysis dry gas,” among which the δ13C1 of Ordovician subsalt low sulfur (sulfur-free) natural gas is lighter, with an average value of −39.6‰; the δ13C2 ranges more largely from −35.6‰ to −25.8‰. In contrast, both δ13C1 and δ13C2 values are heavier in high-sulfur natural gas, revealing that different Thermochemical Sulfate Reduction (TSR) reaction stages have different degrees of influence on natural gas components and carbon isotope composition. (2) Subsalt natural gas is classified as “oil-type gas,” which is self-generated and self-accumulated, whose source rocks are mainly Ordovician subsalt marine deposits. (3) Three types of marine source rocks are developed in Ordovician subsalt, including black argillaceous rock, dark argillaceous dolomite (dolomitic mudstone), and dark micrite (bioclastic) limestone. In addition to micrite limestone, these rocks were mainly formed in a confined lagoon sedimentary environment with high salinity and anoxia. Sedimentary water was significantly stratified and the environment was highly reduced. The organic matter content of the source rocks is relatively high, with an average TOC value of 0.45%. The hydrocarbon-generating parent materials are mainly composed of bacteria and algae, and the organic matter evolution reaches high-over maturity stage. The total gas generation amount of the marine source rocks in Ordovician subsalt is approximately 43.8×1012 m3, which can provide hydrocarbons and accumulate for the subsalt favorable reservoir facies located far from Upper Paleozoic gas sources.
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