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The dolomitic rocks of the Fengcheng Formation are considered to be formed under special geologic conditions, and are significant hydrocarbon reservoir rocks in the Wu-Xia area in the Junggar Basin. Analyses of petrologic characteristics and stable isotope composition indicate that the dolomitizing host rock is volcanic and the dolomitizing fluids probably consists of brine from shore-shallow lakes with great evaporation and salinity in the Fengcheng Formation, which have formed under arid climatic conditions, as well as residual Mg-rich seawater from the underlying Jiamuhe Formation and Carboniferous. Dust tuff in the area has significant plagioclase content. Anorthite and labradorite hydrolysis by CO2 can be coupled with calcite precipitation. Late Mg-rich brine percolated and replaced calcite formed in the early time, which lead to precipitate dolostones with different occurrences, such as graniphyric, random bedded or lumpy. The diagenetic dolostones with different occurrences resulting from particular formation conditions occurred in different tectonic settings. The dolomitizing fluid has been driven by the thermal convection flow generated by volcanic eruptions. At the same time, the overthrusts of the Wu-Xia growth fault have speeded up the flow of deep Mg-rich water upwards, and induced the water to quickly penetrate and horizontally migrate in the strata. Fracture is the major and the most important reservoir space in dolomitic reservoir of the Fengcheng Formation. Fracture and fault plays a decisive role in controlling the formation of dolostone and the distribution of favorable reservoirs. The deliverability of oil and gas is determined by the development and match relations of dissolved pores and fractures to a certain degree.