Today energy consumption is constantly growing while explored reserves of easily accessible oil are depleting, which is a reason why most countries tend to diversify their energy mix, develop non-hydrocarbon energy sources and use domestic types of fuel, including the low grade ones. Thereby interest is raised to such a source of hydrocarbons as combustible shales. Combustible shales appear to be one of the highest-potential types of organic raw materials, which may offset and in future even substitute oil products and gas. The paper is investigating behavior and structure of combustible shales during heat treatment in order to identify their possible industrial applications. A synchronous thermal analysis has been held, chemical composition of combustible shales’ mineral fraction and optimal conditions for shale fines briquetting have been determined.