AbstractThe characteristics of tight matrix, underdeveloped natural fractures, small pore throat radius, poor pore connectivity, and abundant clay minerals result in a high potential for damage to the tight sandstone reservoirs of the Shaximiao Formation in the Qiulin Block in the Sichuan Basin. In order to reduce the retention damage caused by fracturing fluid to the tight sandstone reservoir, a low damage fracturing fluid system applicable to the target reservoir is developed in this work, and the indoor performance meets the requirements of on‐site fracturing operation. A low‐damage, heat‐resistant, shear‐stable amphiphilic polyacrylamide (PAAD) was prepared by free radical polymerization in aqueous solution using acrylamide, acrylic acid, and methacryloyloyloxyethyl dimethyloctadecyl ammonium bromide (DM18) as the monomers. The amphoteric polyacrylamide was characterized by Fourier infrared spectroscopy, nuclear magnetic resonance spectroscopy (1H NMR), light scattering molecular weight determination, and thermogravimetric analysis. Fracturing fluids were formulated with the amphiphilic hydrophobic associative polymer PAAD as a drag‐reducing agent, the fluorine‐containing and nonionic complex surfactant FD1 as a clean‐up additive, CT10‐4B as a bactericide and CT1‐12 as an emulsion breaker. The fracturing fluid formulation was preferred, and the performance of the fracturing fluid was evaluated in terms of temperature resistance and shear resistance, drag reduction, anti‐expansion, and core damage. The fracturing fluid showed good temperature and shear resistance, with a viscosity retention of 58.4% at 120°C and 170 s−1 shear for 1 h. At a loading of 0.1%, the drag reduction rate reaches 72.3%, the anti‐expansion rate of the gel‐breaking fluid is 86.04%, and the damage rate to the tight sandstone core is 16.25%. The results show that the fracturing fluid has good heat resistance and shear stability, as well as low damage and good resistance reduction and anti‐expansion properties. This work can provide new strategies for designing polymeric fracturing fluids with low damage, good heat resistance and shear stability.