The use of fracturing proppants is a key element of hydraulic fracturing operations in the oil and gas industry. The selection of proppants with superior performance is critical to ensure efficient and effective hydraulic fracturing. Proppant technologies are developing rapidly. Therefore, standardization of proppant evaluation is necessary to ensure accurate proppant evaluation during proppant production. Although the API and ISO have released a number of recommended practices for this purpose, there are still significant gaps in them. This is because several hypotheses regarding proppant performance, including proppant embedment and diagenesis, and their influence on proppant conductivity, are still not fully clear. Numerous proppants have been produced within the petroleum industry, featuring diverse compositions, sizes, shapes, and intended uses. While many proppants consist of silica or ceramics, there is growing interest in advanced types such as ultra-lightweight proppants. These innovations aim to minimize settling and enable transport using low-viscosity fluids. Moreover, to reduce expenditures, it is common practice in hybrid completions to mix proppant of different sizes according to stimulation design objectives and assumptions. Proppant can be equally mixed, separated by tail-in, or mixed with dominating concentrations of a specific size, depending on the type of fluids, viscosity, and anticipated settlement velocity. Surface modification involves altering the surface properties of the proppant to improve its adhesion to the fracture face and to reduce embedment and fines generation. Surface modification techniques include silane treatment, plasma treatment, and chemical treatment. The method can maintain oil flow channels after the hydraulic fracturing operation for a very long time. Proppant flowback, fines generation, and gel degradation are the key factors that contribute to a proppant pack losing permeability. Proppant pack conductivity can be increased, and well cleanup can be hastened, with the aid of a surface modification. This review paper aims to provide a comprehensive overview of proppant and its types, proppant performance assessment, and methods to enhance proppant performance. We discuss various techniques to evaluate proppant performance, including crush resistance, conductivity, embedment, and closure stress. Additionally, we highlight the importance of selecting the most appropriate proppant type for a particular well based on the formation properties and proppant characteristics. Furthermore, we explore recent advancements in proppant enhancement methods, such as coating, sintering, altering proppant surface, and consolidation, and their effectiveness in improving proppant performance. The comprehensive review provides insight into current industry practices and highlights potential areas for future research to improve fracturing proppant performance.