Foam is a medium-stable system composed of gas and liquid phases, which has the advantages of low density at the gas phase and high viscosity at the liquid phase, and has a wide application in oil and gas field development and mineral flotation, but its special medium-stable system also brings many problems in industry applications. Scientists have carried out extensive analyses and research on the foam stability and bubble-bursting mechanism, which initially clarified the rules of bubble breakage caused by environmental factors such as temperature and pressure, but the mechanism of bubble bursting under the action of internal factors such as liquid mineralization and oil concentration of the films is still not clearly defined. In this paper, we propose a compound salt-resistant foaming agent, investigated the influence of the aggregation and adsorption behavior of oil droplets on the liquid films and boundaries, and established a relevant aggregation and adsorption model with the population balance equation. We put forward a liquid film drainage mechanism based on the distribution, aggregation, and transport of oil droplets in the liquid films, so as to explain the changes in foam stability under the action of oil droplets. On the other hand, the viscoelastic analysis of foam fluid is performed with a rheometer, and the results show that in comparison with conventional power-law fluid, foam fluid has a complex rheological behavior for low shear thickening, but high shear thinning.