This paper evaluated the oil and gas potential of the Cretaceous Yageliemu clastic reservoir within the Yakela condensed gas field lying in the Kuqa Depression, Tarim Basin, China. The petrophysical properties of the interest zones in the Kuqa area were characterized using geophysical logs from five wells. The results reveal that the gas-bearing zones are characterized by high resistivity, good permeability (K) and effective porosity (Φeff), low water saturation (Sw), and low shale concentration (Vsh), reflecting clean sand. The shale distribution model showed that these shales have no major influence on porosity and fluid saturation. The average shale volume, average effective porosity, and hydrocarbon saturation indicate that the Cretaceous Yageliemu Formation in the studied area contains prospective reservoir properties. The spatial distribution of petrophysical parameters, reservoir rock typing (RRT), and lithofacies were analyzed using the cross plots of litho saturation (volumetric analysis), iso-parametric representations of the petrophysical characteristics, cluster analysis, and self-organizing feature maps, respectively. The southeastern and northeastern regions of the research area should be ignored because of their high water and shale concentrations. The sediments in the southwest and northwest include the most potential reservoir intervals that should be considered for the future exploration and development of oil and gas fields in the study area.