The common used slickwater fracturing fluid has the defects of low cutting-carrying capacity,high friction and high damage and constraint exploitation of nonconventional energy resources.BCG-1 selected as a preferred drag reduction agent and a new slickwater fracturing fluid was synthesized.The research and application of slickwater fracturing fluid on fracturing site showed that it has better performance of resonable cutting-carrying capacity,low friction and low residue content than the normal fracturing fluid.