Geological studies in the Cretaceous Western Interior Seaway (KWIS) in North America reveal highly variable sedimentological conditions on its western shore caused by rapidly changing sea level and detrital input during the seaway’s closure. Here we examine a 601-foot (183 meters) continuous core through the lower part of the Maastrichtian Lewis Shale in the eastern Washakie Basin, Wyoming, through integrating stratigraphic and geochemical analyses to better understand organic matter deposition and preservation during the final marine transgression within the seaway. The core penetrates eight organic-rich flooding intervals (F1-F8) and a regional condensed section, informally known as the Asquith marker. The lower portions of the core record sediment input from a southern source, likely the Sierra Madre/Park Ranges, while the upper part records sediment input from a northern source, likely the Granite Mountains. This provenance transition is supported by regional stratigraphic analysis and changes in bulk mineral and trace metal composition. The Asquith marker and early flooding surfaces are enriched in oil-prone, marine organic matter deposited under dysoxic to euxinic conditions, whereas younger flooding surfaces show increased terrigenous input and poorer preservation conditions. The Asquith marker is identified as a prime oil-prone source rock. Although younger flooding surfaces also exhibit favorable source-rock properties, their generative potential is reduced due to increased clastic and terrigenous organic matter deposition caused by regression. These results emphasize the importance of sediment source variability, organic matter preservation, and changing redox conditions to provide insight into the sediment provenance and petroleum potential of the Lewis Shale in the context of the final transgression within the KWIS.