In the process of unconventional oil and gas reservoir exploitation, it is difficult to reduce drilling fluid lost in natural fractures, enhance the CO2 displacement effect and reduce foam drainage gas recovery costs. In most cases, foaming agents can solve these problems in a low-cost way in a short period of time. Foaming agent screening and evaluation is the key to this technology. However, there are few experimental tests used in the evaluation of foaming agent properties that match the actual unconventional oil or gas well conditions of high temperature and high pressure. Using the actual temperature and pressure conditions of a wellbore, the foaming capacity and half-life of two common foaming agents were systematically evaluated by using the high-temperature and high-pressure visual foam properties evaluation device (UPMX-500), in which the foaming agent’s volume concentration was 3‰ in a simulated formation water with a pH of 6 and salinity of 9 × 104 mg/L. The high-temperature (40 °C, 60 °C, 80 °C, 100 °C) and high-pressure (0.1 MPa, 6.0 MPa, 8.0 MPa, 10.0 MPa) effect on the foaming capacity and half-life was analyzed. Binary linear regression of pressure and temperature was carried out, taking the foam composite index as the target and using a formula with high correlation. The results showed that the foam composite index (FCI) of the two foaming agents was positively correlated with pressure and temperature. The correlation of UT-7 was FCI = 64.1196T + 735.713p − 2066.2, the correlation of HY-3K was FCI = 62.5523T + 7220.391p − 2415.6, and the coefficients of determination were 0.9799 and 0.9895, respectively, with an error of less than 10%. This correlation equation can provide a reference for accurately predicting the foaming capacity of foaming agents under high-temperature and high-pressure conditions and can also be used to optimize foaming agents or to qualitatively evaluate results for the efficient exploitation of unconventional oil and gas reservoirs.
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