Block M of the Ordos Basin is a typical low-permeability tight sandstone gas accumulation. To develop these reservoirs, various horizontal well fracturing technologies, such as hydra-jet fracturing, open-hole packer multistage fracturing, and perf-and-plug multistage fracturing, have been implemented in practice, showing greatly varying performance. In this paper, six fracturing technologies adopted in Block M are reviewed in terms of principle, applicability, advantages, and disadvantages, and their field application effects are compared from the technical and economic perspectives. Furthermore, the main factors affecting the productivity of fractured horizontal wells are determined using the entropy method, the causes for the difference in application effects of the fracturing technologies are analyzed, and a comprehensive productivity impact index (CPII) in good correlation with the single-well production of fractured horizontal wells is constructed. This article provides a simple and applicable method for predicting the performance of multi-frac horizontal wells that takes multiple factors into account. The results can be used to select completion methods and optimize fracturing parameters in similar reservoirs.