The formation is composed primarily of red and grey hematitic, sandy, calcareous and argillaceous shales with localized greenish banding. Colouration is connected to post-depositional processes: red portions are the result of oxidation of iron-bearing minerals and green comes from reduction, possibly by acidic groundwater. The formation also contains thin layers of calcareous sandstone, bioclastic, argillaceous and silty limestone, as well as calcareous sandstone. Coarser layers become much thicker in New York. Minor amounts of gypsum, in nodules and laminae, are found throughout. On the Manitoulin Island, the formation is dominated by limestone and dolomite.
Fossils
The formation is devoid of fossils in the uppermost shaly layers and is poorly fossiliferous throughout other parts, particularly, the bioclastic beds, where brachiopods, bryozoans, ostracodes, pelecypods, gastropods, tabulate corals and trilobites are found. Ichnofossils are more common, represented by Diplocraterion, Skolithos and Chondrites.
Most of the sediments was deposited in the near-coastal semiaridsetting with shallow, wide, muddy, prograding shore, affected by tides, frequent storms and fluctuating sea level of tectonic or, possibly, eustatic origin. Prior to lithification, the mud deposits had been frequently exposed subaerially and desiccated, as evidenced by the numerous mudcracks, while evaporites were deposited in isolated pools. The formation is composed of 14 facies, grouped into 4 facies associations, named A through D, corresponding to the specific depositional environments. Facies association A, composed mostly of dark grey shales, was deposited on a shelf, shallow enough to be affected by storms, that resulted in sandstone and bioclastic limestone layers. Facies association B was deposited under highly variable conditions, ranging from subtidal to intertidal to supratidal. It is defined by red and dark grey shales. Facies association C was deposited in the setting and consists primarily of red shales. Facies association D, only found in New York, was deposited under fluvial conditions. It is dominated by sand, carried by braided rivers. Similar depositional environments are currently found at the Gulf of California and the northwest shore of Australia.
Economic significance
In New York, the formation's sandstone beds are commercially producing reservoir rocks for natural gas; the West Auburn Field has been productive since the 1940s. These beds are also currently considered for geological storage. In Ontario, shales of the formation have long been used by the ceramic industry, mainly for brick and tile production.