The present disclosure relates to the compositions of a water-based silicate drilling fluid comprising: (1) alkali metal silicates; (2) cationic polyacrylamide; (3) a lubricant composition; and (4) other conventional drilling fluid additives. The lubricant composition comprises a lubricating effective amount of a carrier oil and one or more lubricants selected from lecithins, sulfurized vegetable and/or lard oils or modified castor oil.