The diagenetic environment, diagenetic responses, diagenetic transformation model and formation mechanisms of high-quality reservoirs (beach-bar sandstones of the Paleogene fourth member) in the Dongying depression were studied through the analysis of fluid inclusions, thin section and burial evolution history. The diagenetic fluids of the beach-bar sandstone reservoirs evolved from early high salinity and weak alkalinity to low salinity and strong acidity, late high salinity and strong alkalinity and late low salinity and acidity, which were accompanied by two stages of oil and gas filling. The fluids at the margins of the sandbodies were continuously highly saline and strongly alkaline. The western (eastern) reservoirs experienced early open (closed), middle open, and late closed diagenetic environments during their burial history. The flow pattern was characterized by upwelling during the majority of the diagenesis (in the east, a non-circulating pattern transitioned into an upwelling current). Due to the evolution of the diagenetic fluids, the diagenetic sequence of the beach-bar reservoirs was as follows: early weak carbonate cementation; feldspar and carbonate cement dissolution and authigenic quartz cementation; late carbonate and anhydrite cementation, authigenic feldspar cementation, and late quartz dissolution; and late carbonate cementation, feldspar dissolution, and authigenic quartz cementation. The diagenetic strength during these stages varied or was absent altogether in different parts of the reservoirs. Due to the closeness of the diagenetic environment and the flow pattern of the diagenetic fluids, the diagenetic products are variably distributed in the sandstones interbedded with mudstones and in the fault blocks. The evolution of multiple alternating alkaline and acidic diagenetic environments controlled the distribution patterns of the reservoir diagenesis and reservoir space, and the reservoir quality index, RQI, increased gradually from the margins to the centers of the sandstones. The closeness of the diagenetic environment and the flow patterns of the diagenetic fluids controlled the differences in the reservoir properties among the fault blocks. With increasing distance from the oil-source faults, the RQI values in the west gradually decreased and in the east initially increased and then decreased.