Stratigraphic range: Frasnian
|Unit of||Woodbend Group|
|Underlies||Ireton Formation, Grosmont Formation|
|Overlies||Cooking Lake Formation,Majeau Lake Formation|
|Thickness||up to 250 metres (820 ft)|
|Named for||Duvernay, Alberta|
|Named by||Andrichuk and Wonfor, 1954|
It was first described in well Anglo Canadian Beaverhill Lake No. 2 in LSD 11-11-50-17W4M by Imperial Oil staff in 1950. The Formation was named by Andrichuk and Wonfor in 1954 for Duvernay, Alberta.
According to Canada’s Energy Resources Conservation Board, the Duvernay Formation "holds an estimated 443 trillion cubic feet of gas and 61.7 billion barrels of oil (Penny China Institute 2012-12)."  Calgary-based, Athabasca Oil Corporation (formerly Athabasca Oil Sands Corporation), holds 640,000 acres, the largest publicly disclosed Duvernay rights.
The Duvernay Formation is composed of laminated bituminous shale, calcareous shale and dense argillaceous limestone. Pyrite disseminations are common. Calcarenite and coral rich mudstone are also present. 
The Duvernay Formation represents the source rock for prolific reservoirs such as the Leduc reefs. Shale gas and condensate is produced from the Duvernay Formation in central Alberta using horizontal drilling and multi-stage hydraulic fracturing. $2 billion was paid for leases during 2010 and 2011. Prices for land remained high as of June, 2012 despite costs of drilling being expensive. Parts of the deposit show total organic carbon of 11%.
Relationship to other units
It is equivalent to the Leduc Formation reefs. it is equivalent to the Perdrix Formation in the Rocky Mountains, and is the stratigraphical equivalent of the Muskwa Formation in the Fort Nelson area of North-Eastern British Columbia.
- Lexicon of Canadian Geologic Units. "Duvernay Formation". Retrieved 2012-01-26.
- Geological Staff, Imperial Oil Ltd. Western Division, 1950. Devonian nomenclature in Edmonton area. Bulletin of American Association of Petroleum Geologists, v. 34, p. 1807-1825.
- Andrichuk, J.M. and Wonfor, J.S., 1954. Late Devonian geologic history in Stettler area, Alberta, Canada Bulletin of American Association of Petroleum Geologists, v. 38, p. 2500-2536.
- Rebecca Penty (December 17, 2012). "Encanas PetroChina Partnership May Be First of Many". Edmonton, AB: China Institute, University of Alberta. Retrieved February 1, 2013.
- "The Duvernay Shale". Retrieved 2012-03-04.
- Keith Schaefer (June 13, 2012). "The Duvernay shale is a colossal oil and gas play". Mining.Com. Retrieved June 13, 2013.
- "Technically Recoverable Shale Oil and Shale Gas Resources: An Assessment of 137 Shale Formations in 41 Countries Outside the United States" (PDF). U.S. Energy Information Administration (EIA). June 2013. Retrieved June 11, 2013.