Source rock strata are filled and aggregated with large-scale continuous hydrocarbon resources, including significant volumes of in-place retained, short-distance migrated and potentially generated hydrocarbons. Source rock strata simultaneously possess the properties of reservoirs and hydrocarbon source rocks, known as source-reservoir coexisting systems. Reservoir properties refer to the physical properties concerning the storage and transmission of oil and gas, while hydrocarbon source rock properties refer to the physicochemical properties related to governing the generation, retention and expulsion of oil and gas in the source rock strata. These properties fundamentally determine the technical path for the successful exploitation of petroleum and natural gas in the source rock strata. With regard to reservoir properties, in-depth research and development of the advanced energy-storing fracturing technology can aid the construction of complex fracture networks to overcome the limitations in the connectivity properties of source rock strata. Focusing on the hydrocarbon source rock properties, an underground in-situ conversion technology should be created and developed to alleviate the shortcomings of organic matter quantity and maturity properties of the source rock strata. Furthermore, selecting the appropriate exploitation path based on the property characteristics can promote the achievement of commercial and sustainable development of oil and gas in the source rock strata.

Oil generation in the continental shale has laid the resource foundation for the originality and development of China’s petroleum industry; continental shale oil production is blazing a new trail in this field. In this paper, based on the geological conditions of continental shale oil in China, it is found that the main types of shale oil generally have four basic geological characteristics, which are large-scale continuous distribution, the domination of inorganic pores, the enrichment of "sweet areas" , and initial production that is controlled by relatively high organic maturity and high yield that is governed by relatively high formation pressure. Then, as examples for the geological characteristics and development practice of continental shale oil, four key areas of Longdong, Gulong, Jimsar, and Jiyang are systematically summarized. Finally, the future prospects of continental shale oil in China are put forward. Middle-high maturity shale oil is currently the main force of development, and middle-low maturity shale oil also has a considerable development prospect after technological improvement. Meanwhile, "sweet area/spot sections" assessment and technological innovation are still research areas to be improved.

More than 30 years of continuous development has made onshore deep and ultra-deep conventional and unconventional oil and gas become an integral part of increasing the energy reserves and output by China’s petroleum industry. Based on the deep oil and gas geological conditions in the country, the present study finds that paleo stratum and deep burial are the two basic geological characteristics of deep oil and gas. Furthermore, we put forward the notion that it is necessary to strengthen the fundamental research of theories in four aspects and the core technology in five aspects of deep oil and gas. It is suggested that it is of special importance to promote the scientific and technological research of deep oil and gas through the scientific exploration of "myriameter deep" wells as the starting point, so as to boost the development of deep oil and gas field in China.

After more than 20 years of technological advancements, the novel field of oil and gas production from source rock strata, which comprise tight and shale oil and gas reservoirs, has become the major contributor to the increase in unconventional oil and gas reserves in China. Accordingly, this field has gradually entered a new stage of revolutionary development. The oil and gas production in China from source rock strata will achieve sustainable development in the future. Different types of source rock strata present distinct challenges and require diverse development paths. Based on the geological conditions of source rock strata in China, this study focuses on identifying the "sweet areas" among hydrocarbon accumulations. It specifically analyzes the key development issues of tight oil, tight gas, shale oil, shale gas, and coal-bed methane, while proposing potential solutions and identifying the possible directions for future development. This study aims to provide a reference for scientists concerned with the development of unconventional oil and gas reserves in China.