The formation represents the second syn-rift period in the Ischigualasto-Villa Unión Basin, where the total thickness of Triassic sediments amounts to . The formation is exposed in the Ischigualasto Provincial Park of La Rioja and San Juan Provinces. In the neighboring Talampaya National Park, the formation is thin and covered by recent sediments. The formation, part of the Agua de la Peña Group, overlies Los Rastros Formation and is overlain by Los Colorados Formation. The Ischigualasto Formation strongly contrasts with the bounding formation in color. The total thickness amounts to .