To enhance oil and gas recovery, a novel hydrophobic terpolymer was synthesized via free radical polymerization. The terpolymer consists of acrylamide, acrylic acid, and hydrophobic monomers, and is used as a hydraulic fracturing fluid thickener for freshwater environments. Hydrophobic groups were introduced into terpolymer to improve its tackiness and temperature resistance. The conformation and key parameters of hydrophobic monomers at different temperatures were investigated through a combination of experiments and molecular dynamics simulations. These methods were employed to elucidate the mechanism behind its high-temperature resistance. The experiment results show that, at concentrations between 0.2% and 0.4%, significant intermolecular aggregation occurs, leading to a substantial increase in solution viscosity. Configuring the base fluid of synthetic polymer fracturing fluid with 1% doping, the apparent viscosities of the base fluid were 129.23 mPa·s and 133.11 mPa·s, respectively. The viscosity increase rate was 97%. The base fluid was crosslinked with 1.5% organozirconium crosslinker to form a gel. The controlled loss coefficient and loss velocity of the filter cake were C