A method of hydraulically fracturing a hydrocarbon-bearing subterranean formation ensures that the conductivity of water inflow below the productive zone of the subterranean formation is reduced. The method consists of two principal steps. In the first step, a fracture in and below the productive zone of the formation is initiated by introducing into the subterranean formation a fluid, free of a proppant, such as salt water, fresh water, brine, liquid hydrocarbon, and/or nitrogen or other gases. The proppant-free fluid may further be weighted. In the second step, a proppant laden slurry is introduced into the subterranean formation which contains a relatively lightweight density proppant. Either the fluid density of the proppant-free fluid is greater than the fluid density of the proppant laden slurry or the viscosity of the proppant-free fluid is greater than the viscosity of the proppant laden slurry. The method limits undesirable fracture height growth in the hydrocarbon-bearing subterranean formation during the fracturing.