Assemblages of multiple organic matter (OM)-related sedimentary energy systems are common in the Eocene nonmarine basins of Northeast China. During the Middle Eocene Climatic Optimum, oil shale developed in large quantities in the Yilan Basin. Numerous scientific papers have concentrated on the sedimentary cycle and industrial quality of the coal- and oil shale-bearing intervals, whereas few studies have studied the genetic environmental transformation mechanism of the coal and oil shale deposits. The Dalianhe Formation cover thick oil shale member and coal unit, which is a natural archive for studying the environmental evolution of lake swamp systems. In the present paper, the thermal maturity of organic matter (OM), oil shale industrial quality, coal rank, source of OM and paleoenvironmental conditions associated with OM accumulation in the Yilan Basin are investigated through bulk geochemical analyses, organic maceral analyses and biomarker composition analyses. The coal in the Yilan Basin is classified as subbituminous coal with high total organic carbon (TOC) values, high oil yields, low ash yields, and type II OM. The quality of the low-maturity oil shale in the Coal-Bearing Member is better than that in the Oil Shale Member. The oil shale in the Yilan Basin has type I-II OM and relatively high oil yields, which corresponds to the considerable content of liptinite with a predominantly alginite composition. Based on the higher Pr/Ph values, coal was deposited under oxic–dysoxic conditions, and the OM in the coal mainly originated from terrestrial plants, whereas the oil shale accumulated in a dysoxic environment with lower Pr/Ph values, and featured mixed OM sources, including terrestrial plants and low aquatic organisms. Affected by lake level fluctuations and wide peat swamping, the thickest and highest-quality coal and oil shale developed in swamps under a dysoxic–oxic water column in freshwater environments. Subsequently, the lake basin expanded rapidly, and the sedimentary environment changed to a dysoxic–oxic semideep–deep lake, in which extremely thick mudstone and a large amount of inferior oil shale with low oil yields accumulated under the influence of gravity flows. The basin continued to rapidly subside, the water column became anoxic–dysoxic, and the deposition of mudstone, siltstone and fine sandstone predominated.
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