AbstractExploration and exploitation of unconventional reservoirs has become a new central issue of international hydrocarbon industry. For the unconventional reservoir has the characteristic of low‐permeability, multiple stages of hydraulic fracturing are usually required to create connected cracks through which hydrocarbons can flow. We can characterize the crack attributes (i.e., trending direction, density, etc.), evaluate the effect of hydrofracturing, analyze the rupture pattern, and infer the source mechanisms by locating and analyzing the induced microseismic events. Microseismic event locating can be achieved by using reverse‐time focusing technique. But many factors such as high noise, velocity errors, and sparsely‐sampled data will cause remarkable location errors. In this study, we combine the reverse‐time focusing technique with interferometric imaging, and discuss the multi‐sources locating method using multi‐component data acquired on the earth surface, in wells and jointly on the both conditions. Synthetic examples and case study reveal the advantage of suppressing artifacts and increasing accuracy. At the same time we point out the constraint factors of the reverse‐time focusing method in practical application, and provide some tactics.