Abstract: A variety of flow and pressure measurements are obtained to characterize the drilling fluids hydraulics system of the borehole drilling process. Notably, a differential pressure measurement which measures the difference between the pressure internal to and external of the drill bit is made close to the drill bit. From this and other measurements are obtained valuable information on whether a change in pressure drop is due to a leak or a lost bit nozzle, on corrections to the downhole weight on bit measurement, on the rate of rotation of a downhole positive displacement drilling motor, on the efficiency of the drilling motor, and on an indication of whether a leak in or a blockage of the drill string has occurred and its location.