Huge reserves of shale gas reservoir, is usually of no natural capacity, is often needed to be fractured in order to produce effectively. The slick-water which has low viscosity and proppant carrying capacity is used in shale gas reservoir fracturing. Nowadays, most of the studies about the settlement and transport rule of proppant are theoretical, and the field application always relies on the former experience or software simulation with only few experimental studies. The experimental method is implemented through the fracture physical model to study the impact of the pumping rate, the fracture width, the proppant types and the sand concentration on the proppant settling velocity and horizontal displacement velocity. The correction coefficient of various parameters on the settling and transport velocity is obtained through experiments. Theoretical models of proppant settlement and transport rule in shale gas reservoir fracture are established. It is of instructive significance to the shale gas fracturing design and construction.