A method of stimulating and stabilizing an area of a subterranean formation comprising placing an acid fluid into an area of a subterranean formation and allowing the acid to at least partially dissolve a portion of the area of the subterranean formation; placing a consolidation fluid into the area of the subterranean formation; and, placing an afterflush fluid into the area of the subterranean formation. A method of stimulating and stabilizing an area of a subterranean formation comprising placing an acid fluid into an area of a subterranean formation and allowing the acid to at least partially dissolve a portion of the area of the subterranean formation; placing a consolidation fluid into the area of the subterranean formation; and, placing a fracturing fluid into the area of the subterranean formation at a pressure sufficient to create or extend at least one fracture therein.