The types of volcanic rock reservoir space, reservoir physical properties and the main controlling factors were systematically studied by the method of reservoir physical property experiment, core casting thin section observation and X?ray diffraction test. The results show that the Yingcheng formation volcanic rocks in the Dehui fault depression have strong alteration, and the reservoir space is dominated by dissolution pores and dissolution fractures. The average porosity of tuff and dacite are 12.40% and 7.47%, respectively, and the permeability is less than 1.000 mD, belonging to type Ⅲ reservoirs. Gas?bearing formations can be further identified based on acoustic and resistivity logging methods. Lithology and lithofacies are the main controlling factors for the development of reservoirs, and lithofacies models of extrusive facies, extrusive facies and explosive facies were established in combination with the characteristics of seismic reflections. It provides an important theoretical basis for clarifying the mechanism of volcanic rock formation and the distribution of reservoirs in the study area.