Organic geochemical and palynofacies analyses were carried out on shale intervals of the Late Paleocene Patala Formation at Nammal Gorge Section, western Salt Range, Pakistan. The total organic carbon content and Rock-Eval pyrolysis results indicated that the formation is dominated by type II and type III kerogens. Rock-Eval vs. hydrogen index (HI) and thermal alteration index indicated that the analysed shale intervals present in the formation are thermally mature. and yields showed poor source rock potential for the formation. Three palynofacies assemblages including palynofacies-1, palynofacies-2 and palynofacies-3 were identified, which are prone to dry gas, wet gas and oil generation, respectively. The palynofacies assessment revealed the presence of oil/gas and gas prone type II and type III kerogens in the formation and their deposition on proximal shelf with suboxic to anoxic conditions. The kerogen macerals are dominated by vitrinite and amorphinite with minor inertinite and liptinite. The kerogen macerals are of both marine and terrestrial origin, deposited on a shallow shelf. Overall, the dark black carbonaceous shales present within the formation act as a source rock for hydrocarbons with poor-to-moderate source rock quality, while the grey shales act as a poor source rock for hydrocarbon generation.