Success in shale-gas resource systems has renewed interest in efforts to attempt to produce oil from organic-rich mudstones or juxtaposed lithofacies as reservoir rocks. The economic value of petroleum liquids is greater than that of natural gas; thus, efforts to move from gas into more liquid-rich and blackoil areas have been another United States exploration and production paradigm shift since about 2008.Shale-oil resource systems are organic-rich mudstones that have generated oil that is stored in the organic-rich mudstone intervals or migrated into juxtaposed, continuous organic-lean intervals. This definition includes not only the organic-rich mudstone or shale itself, but also those systems with juxtaposed (overlying, underlying, or interbedded) organic-lean rocks, such as carbonates. Systems such as the Bakken and Niobrara formations with juxtaposed organic-lean units to organic-rich source rocks are considered part of the same shale-oil resource system. Thus, these systems may include primary and secondary migrated oil. Oil that has undergone tertiary migration to nonjuxtaposed reservoirs is part of a petroleum system, but not a shale-oil resource system.A very basic approach for classifying shale-oil resource systems by their dominant organic and lithologic characteristics is (1) organic-rich mudstones with predominantly healed fractures, if any; (2) organic-rich mudstones with open fractures; and (3) hybrid systems with a combination of juxtaposed organic-rich and organic-lean intervals. Some overlap certainly exists among these systems, but this basic classification scheme does provide an indication of the expected range of production success given current knowledge and technologies for inducing these systems to flow petroleum.Potential producibility of oil is indicated by a simple geochemical ratio that normalizes oil content to total organic carbon (TOC) referred to as the oil saturation index (OSI). The OSI is simply an oil crossover effect described as when petroleum content exceeds more than 100 mg oil/g TOC. Absolute oil yields do 1-Part 2 Jarvie, D. M., 2012, Shale resource systems for oil and gas: Part 2 -Shale-oil resource systems, in J. A. Breyer, ed., Shale reservoirs -Giant resources for the 21st century: AAPG Memoir 97, p. 89 -119.