As unconventional tight oil reservoirs are currently a superior focus on exploration and exploitation throughout the world, studies on production performance analysis of tight oil reservoirs appear to be meaningful. In this paper, on the basis of modern production analysis, a method to estimate dynamic reserve (OOIP_SRV) for an individual multistage fractured horizontal well (MFHW) in tight oil reservoir has been proposed. A model using microseismic data has been developed to calculate fracturing network parameters: storativity (ω) and transmissivity ratio (λ). There main focuses of this study are in two aspects: (1) find out effective methods to estimate OOIP_SRV for an individual MFHW in tight oil reservoir when there is only production data available and (2) study the relationship between productivity and fracturing network parameters (ω and λ) so as to estimate the productivity for individual MFHW from microseismic data. In order to demonstrate and verify the feasibility of developed methods and models, 5 filed wells and 2 simulated wells have been analyzed. The proposed method to calculate OOIP_SRV proves to be applicable for MFHW in tight oil reservoirs. From the calculated results of ω and λ for example wells, it has been found that there exists linear relationship between the value of ω/λ and average production (Q_ave) for an individual MFHW completed in this actual tight oil reservoir. On the basis of derived linear relationship between ω/λ and Q_ave, the productivity for more individual MFHWs can be directly estimated according to microseismic interpretation.