To investigate the origin of CH bonds in thermogenic methane (CH4), a solvent-extracted sample of organic-rich Eagle Ford shale was reacted with heavy water (D2O) under hydrothermal conditions (350 bar) in a flexible Au-TiO2 cell hydrothermal apparatus at a water-to-rock ratio of approximately 5:1. Temperature was increased from 200 to 350 °C over the course of one month and the concentrations of aqueous species and methane isotopologues were quantified as a function of time. In general, production of hydrogen, CO2, alkanes, and alkenes increased with time and temperature. Methane formed during the early stages of the experiment at 200 °C was primarily C1H4 with some CH3D. With progressively higher temperatures, increasing proportions of deuterated isotopologues were produced. Near the end of the experiment, the concentration of CD4 exceeded that of all other isotopologues combined. These results suggest that competition between rates of kerogen-water isotopic exchange and natural gas generation may govern the D/H ratio of thermogenic gases. Furthermore, hydrogenation of kerogen by water may be responsible for hydrocarbon yields in excess of those predicted by conventional models of source rock maturation in which hydrocarbon generation is limited by the amount of organically bonded hydrogen.