In the view of fluid-structure interactions and rotor dynamics, this paper models the lateral vibration of a vertical downward rotating elastic drill string conveying mud subjected to supporting stabilizers, bit torque and longitudinal thrust. The dynamic model involves the rotational inertia of the drill string tube cross section, the gyroscopic effect caused by rotation, the damping due to friction with the surrounding fluid, the gravity force and mud buoyancy. Damped natural frequency, stability and resonance of the drill string system are determined by quadratic eigenvalue problem and investigated at influences of the stabilizer, rotational angular speed, mud flowing velocity, bit torque and thrust. As a result, the drill string can lose stability both at simultaneous and separate influences of the mud conveying, bit torque and thrust, whereas the rotation, stabilizer and gravity of the drill string can improve system stability; the rotational angular speed causing system resonance decreases with the increase of the mud flowing velocity, bit torque and thrust.
