Shale gas resources are considered to be extremely abundant in southern China, which has dedicated considerable attention to shale gas exploration in recent years. Exploration of shale gas has considerably progressed and several breakthroughs have been made in China. However, shale gas explorations are still scarce. Summary and detailed analysis studies on black shale reservoirs are still to be performed for many areas. This lack of information slows the progress of shale gas explorations and results in low quantities of stored black shale. The Carboniferous Dawuba Formation, which is widely distributed and considerably thick, is one of the black shale formations targeted for shale gas exploration in southern China in the recent years. The acquisition and analysis of total organic carbon, vitrinite reflectance, types of organic matter, mineral composition, porosity, and permeability are basic but important processes. In addition, we analyzed the microscopic pores present in the shale. This study also showesd the good gas content of the Dawuba Formation, as well as the geological factors affecting its gas content and other characteristics. To understand the prospect of exploration, we compared this with other shale reservoirs which have been already successfully explored for gas. Our comparison showesd that those shale reservoirs have similar but not identical geological characteristics.