1． SinoPEC Exploration ＆ Production Ｒesearch Institute，Beijing 100083，China; 2． SinoPEC Key Laboratory of Shale Oil/Gas Exploration and Production Technology，Beijing 100083，China; 3． National Key Laboratory of Corporation of Shale Oil/Gas Enrichment Mechanism and Effective Development，SinoPEC， Beijing 100083，China; 4． College of Geo- Exploration Science and Technology，Jilin University，Changchun 130026，China

The presence of horizontal fractures enhances seismic anisotropy of shales． Calculation based on the effective medium theory indicates that horizontal fractures have little effects on velocities along the direction pa- rallel to fractures， but can significantly reduce velocities along the direction normal to fractures． Seismic respon- ses of shales with horizontal fractures are calculated based on the reflector model and the anisotropic propagator matrix method，in which the reflections are a combination of the contrast in impedance due to the variations in fracture density，anisotropic propagation of waves within the shales，and the tuning and interferences associated with layer thickness． Calculated results indicate that seismic reflections are sensitive to reservoir layer thickness and fracture density． Anisotropic propagation alters amplitudes and phases of reflections． It corresponds to high- er reflection amplitudes for the case of surrounding sandstone with higher velocity because the increase in frac- ture density increases the contrast in impedance between the shale and sandstone． In contrast，the surrounding sandstone with lower velocity corresponds to lower reflection amplitudes for the increase in fracture density．