The aim of this work was to prepare a novel dendritic branched nano-thickening agent by free radical polymerization of acrylamide (AM), acrylic acid (AA), sodium p-styrene sulfonate, dimethyl diallyl ammonium chloride, and multiwalled carbon nanotubes. The as-synthesized nano-thickening agent was characterized by Fourier transform infrared, Raman spectra, transmission electron microscope, 1 H-NMR, and thermogravimetric analysis (TGA). Compared with the pristine polymer and partially hydrolyzed polyacrylamide (HPAM), thickening capacity, temperature resistance, and salt tolerance properties of the nano-thickening agent considerably improved, and the viscosity of 0.5% nano-polymer solution was 126.5 mPaÁs. Additionally, the properties of the nano-gel prepared by nano-thickener, such as temperature and shear tolerance, viscoelasticity, sand carrying capacity, and gel breaking performance, were evaluated showing the satisfactory performance of the nano-gel under high temperature condition. The results indicated that the nano-thickener has potential applications in the field of oil and gas production.