Gravity flow deposits are important hydrocarbon reservoirs in deep lacustrine deposits. Previous studies have paid much attention to the hydrocarbon reservoirs in those intrabasinal classic turbidite deposits. However, relatively little is known about the distribution of oil reservoirs in those extrabasinal hyperpycnal flow deposits. With the help of cores and wireline logging data, the present study undertakes a description and interpretation of subsurface shale oil reservoirs in the deep lake deposits in Chang 7 member, Yanchang Formation, Ordos Basin. Parallel bedded fine sandstone (Sh), massive bedded fine sandstone (Sm), massive bedded fine sandstone with mud clasts (Smg), deformed bedded siltstone (Fd), wave-lenticular bedded siltstone (Fh) and black shale (M) were found and interpreted in those deep lake deposits. The deposits were interpreted as hyperpycnal flow deposits which developed in channel, levee and deep lacustrine facies. The development of the Chang 7 sand body increased gradually, and the sand body of Chang 71 was found to be the main position of sandy hyperpycnites. The fine description of the sand body indicated a channelized sedimentary pattern. The thick sandy hyperpycnites mainly developed in the middle of those channels, and the eastern part of the study area was found to be the main deposition position of the hyperpycnal flow deposits. From the perspective of plane overlap and single well analysis, a thick sand body is the favorable position for the development of an oil reservoir, which has a significant control effect on the reservoir scale and oil production. This research can aid in understanding the facies distribution of hyperpycnal flows and has implications for hydrocarbon reservoir exploration.