It is a series of fresh and brackish-water clays, mudstones, and sandstones deposited during the Maastrichtian and Danian (respectively, the end of the Cretaceous period and the beginning of the Paleogene) by fluvial activity in fluctuating river channels and deltas and very occasional peaty swamp deposits along the low-lying eastern continental margin fronting the late Cretaceous Western Interior Seaway. The climate was mild, and the presence of crocodilians suggests a subtropical climate, with no prolonged annual cold. The famous iridium-enriched Cretaceous–Paleogene boundary, which separates the Cretaceous from the Cenozoic, occurs as a discontinuous but distinct thin marker bedding above and occasionally within the formation, near its boundary with the overlying Fort Union Formation.