Source Rock Properties, Depositional Environment and Kerogen Degradation Kinetics of Lower Permian Shales from the Ib River Sub‐Basin, Mahanadi Basin, Eastern India

ABSTRACT Lower Permian organic‐rich shales and coals from the Ib River sub‐Basin, part of the Mahanadi Basin in Eastern India, were studied using Rock‐Eval pyrolysis, kerogen kinetics, biomarker, and organic carbon isotopic analyses to investigate the source rock characteristics, depositional environment, and thermal degradation kinetics of the sedimentary organic matter (OM). The samples are organically rich (>5 wt% total organic carbon [TOC]) and possess higher hydrocarbon generation potential (>54 mgHC/g rock). The primary contributors to the OM supply were identified as terrestrial plants, supplemented by emergent aquatic plants, resulting in a Type II–III kerogen. The broader activation energy indicates OM input from heterogeneous sources, whereas the earlier and faster kerogen transformation ratio (TR), along with a high hydrocarbon generation rate (HGR), suggests excellent kerogen quality. Despite the samples’ favorable source rock characteristics, their relatively low T max values (<435°C) indicate immaturity, limiting their potential for natural hydrocarbon production. Marine incursions have been identified in the Barakar Formation of the Ib River sub‐Basin, accompanied by climatic fluctuations (inferred from P aq , average chain length [ACL], and δ 13 C) that correspond to alternating dry and wet periods during the deposition of various lithotypes. The samples exhibit an abundance of even lower n‐ alkanes, indicating that the OM inputs are derived from aquatic vegetation rather than microbial activity. The gammacerane index (GI) averages ∼0.29 for the Barakar Formation and ∼0.24 for the Karharbari Formation, indicating greater water stratification and higher salinity in the Barakar Formation compared to the Karharbari Formation. Likewise, other key parameters such as tricyclic terpanes (TTs) and polyaromatic hydrocarbons (fluorenes [FLs], dibenzothiophenes [DBTs], and DBFs) differentiate certain Barakar samples as being deposited in a saline lacustrine environment, whereas the other Barakar samples and all Karharbari samples indicate a swampy, oxic environment. The pristane (Pr)/phytane (Ph) ratio supports this conclusion, indicating a reducing to oxidizing depositional setting for the Barakar Formation, while suggesting an oxic environment for the Karharbari Formation. Integrating all parameters, we conclude that the Barakar Formation was influenced by marine activities during Permian Period. Drawing on our research and prior studies, we propose two scenarios for marine interaction in the Ib River sub‐Basin during the Permian Period: Either the region was covered by an extended marine embayment or marine influence extended to the NW‐SE slope of the basin, notably affecting the Rewa region in the northwest.