This document discusses drilling fluid systems and their functions. It describes the classification of drilling muds as water-based or oil-based. Water-based muds can be further broken down and include bentonite muds, polymer muds, and muds with additives like gypsum, lime, potassium/lime, and mixed metal hydroxide. Oil-based muds include invert emulsion and mineral/synthetic oil-based muds. Key functions of drilling fluids are cooling and lubricating the drill bit, carrying cuttings to the surface, controlling formation pressure, and maintaining wellbore stability. Common measurements of mud properties are also outlined.