Mixed siliciclastic-carbonate reservoirs are currently considered a unique type of reservoir for hydrocarbon exploration. However, to date, research on “compositional mixing”, an important type of mixed sediment, remains relatively scarce. In recent years, significant breakthroughs in hydrocarbon exploration have been achieved in compositional mixing deposits, which are found within a lacustrine setting of the offshore Bohai Bay Basin in China. Despite the lack of systematic studies on their formation mechanisms, these discoveries are insightful case for understanding compositional mixing reservoirs (CMRs). In this study, an interdisciplinary approach that integrates petrographic analysis, cathodoluminescence analysis, reservoir characterization, and high-pressure mercury injection tests from drilled wells, cores, and thin sections, is employed to elucidate the characteristics of CMRs and the factors controlling reservoir modifications. Our findings reveal that compositional mixing deposits predominantly occurred with fan delta systems adjacent to uplifts. Two distinct reservoir types, namely, mixed slide deposits and mixed sandy debris flow deposits, were formed by coexistence of fan delta front siliciclastics with shallow-water biota (carbonate components). A comparative analysis of reservoir properties suggests that CMRs are of equivalent or superior quality to fan delta systems, challenging existing paradigms. This superiority is attributed to two primary factors: (1) the unique internal texture of compositional variations significantly influences subsequent diagenesis, leading to the extensive development of selective dissolution porosity and a reduction of clay cementation; and (2) distinctive early diagenetic events, including micrite envelopes and early dolomitization, markedly enhance the reservoirs’ resistance to compaction. In contrast, fan delta deposits lacking carbonate components do not undergo selective dissolution and their siliciclastic composition facilitates clay cementation. This study offers novel insights and a model for understanding the formation mechanism of CMRs, providing implications for future global petroleum exploration in mixed sediment reservoirs.