The rupture of the lithosphere in Late Jurassic brought about the eruption of basaltic magma in the Songliao Basin. The evolution of the basin in Cretaceous progressed through six stages: pre-rift doming, extensional fracturing, fault subsidence, fault downwarping, downwarping and shringkage, resulting in the deposition of terrstrial facies nearly 10,000 m thick. There are different depositional sequences in these stages: the depositional period of the Early Cretaceous Shahezi and Yincheng Formations is the development stage of the down-faulted basin, forming a volcanic rock-alluvial fan-fan delta-lacustrine (intercalated with episodic turbidites)-swamp facies sequences; the period of the Early Cretaceous Dengluku Formation is the transformation stage of fault subsidence into fault downwarping of the basin, forming a sequence mainly of alluvial plain-lacustrine facies; the depositional period of the Early Cretaceous Quantou Formation-Late Cretaceous Nenjiang Formation is the downwarping stage of the basin, forming an alluvial plain-delta-lacustrine facies sequence; the period of the Late Cretaceous Sifangtai Formation-Mingshui Formation is the shringkage stage of the basin, forming again a sequence mainly of alluvial plain-alluvial fan and small relict lacustrine facies. These vertical depositional sequences fully display the sedimentary characteristics of a failed continental rift basin. Many facts indicate that the two large-scale lake invasions, synchronous with the global rise of sea level, which took place in the downwarping stage of the basin development, led to the connection between the lake and sea.