The burial of marine sourced organic carbon (OC) in continental margin sediments is most commonly linked to oceanographic regulation of bottom-water oxygenation (anoxia) and/or biological productivity. Here we show an additional influence in the Devonian Woodford Shale, in which OC occurs as nanometer intercalations with specific phyllosilicate minerals (mixed-layer illite/smectite) that we term organo-mineral nanocomposites. High resolution transmission electron microscopic (HRTEM) images provide direct evidence of this nano-scale relationship. While discrete micron-scale organic particles, such as Tasmanites algal cysts, are present in some lamina, a strong relation between total organic carbon (TOC) and mineral surface area (MSA) over a range of 15% TOC indicate that the dominant association of organic carbon is with mineral surfaces and not as discrete pelagic grains, consistent with HRTEM images of nanocomposites. Where periods of oxygenation are indicated by bioturbation, this relationship is modified by a shift to lower OC loading on mineral surfaces and reduced MSA variability likely resulting from biological mixing and homogenization of the sediment, oxidative burn down of OC and/or stripping of OC from minerals in animal guts. The TOC–MSA relationship extends across a range of burial depths and thermal maturities into the oil window and persists through partial illitization. Where illitization occurs, the loss of mineral surface area associated with the collapse of smectite interlayer space results in a systematic increase in TOC:MSA and reorganization of organic carbon and clays into nano-scale aggregates. While the Woodford Shale is representative of black shale deposits commonly thought to record heightened marine productivity and/or anoxia, our results point to the importance of high surface area clay minerals for OC enrichment. Given that the vast majority of these clay minerals are formed in soils before being transported to continental margin settings, their mineralogy and attendant preservative potential is primarily a function of continental climate and provenance making these deposits a sensitive recorder of land as well as oceanographic change.