Controls on the Hydrocarbon Production in Shale Gas Condensate Reservoirs of Rift Lake Basins

The production of gas and condensate from liquid-rich shale reservoirs, particularly within heterogeneous lacustrine systems, remains a critical challenge in unconventional hydrocarbon exploration due to intricate multiphase hydrocarbon partitioning, including gases (C1–C2), volatile liquids (C3–C7), and heavier liquids (C7+). This study investigates a 120-meter-thick interval dominated by lacustrine deposits from the Lower Cretaceous Shahezi Formation (K1sh) in the Songliao Basin. This interval, characterized by high clay mineral content and silicate–pyrite laminations, was examined to identify the factors controlling hybrid shale gas condensate systems. We proposed the Hybrid Shale Condensate Index (HSCI), defined as the molar ratios of (C1–C7)/C7+, to categorize fluid phases and address shortcomings in traditional GOR/API ratios. Over 1000 samples were treated by geochemical pyrolysis logging, X-ray fluorescence (XRF) spectrum element logging, SEM-based automated mineralogy, and in situ gas desorption, revealing four primary controls: (1) Thermal maturity thresholds. Mature to highly mature shales exhibit peak condensate production and the highest total gas content (TGC), with maximum gaseous and liquid hydrocarbons at Tmax = 490 °C. (2) Lithofacies assemblage. Argillaceous shales rich in mixed carbonate and clay minerals exhibit an intergranular porosity of 4.8 ± 1.2% and store 83 ± 7% of gas in intercrystalline pore spaces. (3) Paleoenvironmental settings. Conditions such as humid climate, saline water geochemistry, anoxic bottom waters, and significant input of volcanic materials promoted organic carbon accumulation (TOC reaching up to 5.2 wt%) and the preservation of organic-rich lamination. (4) Laminae and fracture systems. Silicate laminae account for 78% of total pore space, and pyrite laminations form interconnected pore networks conducive to gas storage. These findings delineate the “sweet spots” for unconventional hydrocarbon reservoirs, thereby enhancing exploration for gas condensate in lacustrine shale systems.