The Shahejie Formation is a fundamental rock unit for hydrocarbon exploration and production in the Nanpu Sag, Bohai Bay Basin. Methodology including thin sectioning, core observations, fluorescence, scanning electron microscopy, cathodoluminescence, fluid inclusion, laser scanning confocal microscopy and geochemical analysis (C, O isotopes) were all utilized to investigate the reservoir characteristics and origin of the Es? Sandstone. Thin section study showed that the reservoir rock consisted of feldspathic litharenite and lithic arkose. The reservoir pores are categorized as intergranular pores, fracture pores, dissolution pores and intergranular cement dissolution pores. The studied sandstone had good porosity (0.05%–35%) and permeability (0.006–7000 mD). The Es? reservoir is classified as a fractured reservoir, a primary intergranular pore-associated reservoir and a dissolution reservoir. Deposition, diagenesis and tectogenesis are the main factors that played important roles in the development of the reservoir. Sedimentation is the foundation and assumption for reservoir development, but the effective reservoir is primarily controlled by primary pores, fractures, lithofacies, tectonic elements and dissolution pores. Moreover, compaction, fracture filling and cementation were the primary sources of reservoir densification. The reservoir was progressively formed through the influence of different geological and diagenetic events. The present study provides significant information and references for hydrocarbon exploration and development in the Nanpu Sag.