Stranded gas emission from the field production because of the limitations in the pipeline infrastructure has become one of the major contributors to the greenhouse effects. How to handle the stranded gas is a troublesome problem under the background of global “net-zero” emission efforts. On the other hand, the cost of water for hydraulic fracturing is high and water is not accessible in some areas. The idea of using stranded gas in replace of the water-based fracturing fluid can reduce the gas emission and the cost. This paper presents some novel numerical studies on the feasibility of using stranded natural gas as fracturing fluids. Differences in the fracture creating, proppant placement, and oil/gas/water flowback are compared between natural gas fracturing fluids and water-based fracturing fluids. A fully integrated equation of state compositional hydraulic fracturing and reservoir simulator is used in this paper. Public datasets for the Permian Basin rock and fluid properties and natural gas foam properties are collected to set up simulation cases. The reservoir hydrocarbon fluid and natural gas fracturing fluids phase behavior is modeled using the Peng-Robinson equation of state. The evolving of created fracture geometry, conductivity and flowback performance during the lifecycle of the well (injection, shut-in, and production) are analyzed for the gas and water fracturing fluids. Simulation results show that natural gas and foam fracturing fluids are better than water-based fracturing fluids in terms of lower breakdown pressure, lower water leakoff into the reservoir, and higher cluster efficiency. NG foams tend to create better propped fractures with shorter length and larger width, because of their high viscosity. NG foam is also found to create better stimulated rock volume (SRV) permeability, better fracturing fluid flowback with a large water usage reduction, and high natural gas consumption. The simulation results presented in this paper are helpful to the operators in reducing natural gas emission while reducing the cost of hydraulic fracturing operation.