This investigation looks at the Late Triassic Baluti Formation�s organic geochemical, mineralogical, and petrographical characteristics from a single exploration well (TT-22) near the Taq Taq oilfield in northern Iraq. The Baluti Formation shale samples that were studied in the studied well have high total organic carbon (TOC ) values up to 4.92 wt and mostly hydrogen-rich types I and II kerogen with a minor gradient to types II/III and III kerogen, indicating a good oil-source rock. The hydrogen-rich kerogen was also confirmed by various organic matter (OM) origins and depositional environment-related biomarkers. The biomarker indicators demonstrate that the Baluti shale was deposited under anoxic conditions and contains a variety of OM generated mostly from algae marine and other aqueous organic materials, along with some terrigenous land plants. The geochemical and optical maturity indicators show that most of the examined Baluti shale samples, with a deep burial depth of more than 4000 m, are thermally mature, thus defining peak-mature to late-mature stages of the oil generation window. According to the basin models, from the late Miocene to the present, between 10 and 59 of the kerogen in the Baluti shale source rock has been transformed into oil, which is consistent with the VR values between 0.77 and 1.08. The presence of the oil crossover in these shale rocks with an oil saturation index of more than 100 mg HC/g rock supports the maximal oil generation from the Baluti source rock system. Additionally, there was little oil expulsion from the Baluti source rock system at the end of the late Miocene, with transformation ratio values below 60 (59). Considering the more significant oil generation and little expulsion, a high pressure was generated and forced the brittle minerals of the Baluti shales (mainly quartz), creating a natural fracture system as recognized and observed in the thin section. This natural fracture system enhances the porosity system of tight shale rocks of the Baluti Formation, giving rise to a high probability of oil production using hydraulic fracturing stimulation. © 2024 The Authors. Published by American Chemical Society.