High temperature drilling environment has a drastic effect on drilling fluids, wellbore stability, and drilling system components. It has been observed that drilling fluids displace conventional halide based fluids in High Pressure and High Temperature (HPHT) wells leading to corrosion and environmental hazards, while wellbore strengthens further as a result of an increase in fracture initiation pressure in high temperature environment. However, it seriously damages the downhole tools like sensors, elastomer dynamic seals, lithium batteries, electronic component and boards leading to increases in cost and non-productive time. The main objective of this paper is to present an analytical borehole temperature model based on classical heat transfer laws in a high temperature drilling environment. The borehole is modelled using two approaches: composite wall and concentric cylinders. The composite wall and concentric cylinder approaches consist layers of geological formations, drilling fluids outside the drill string, drill string, and drilling fluid inside the drill string. Temperature, heat transfer coefficient, and heat transfer variations along the borehole layers are determined using the derived analytical solutions and tested for different drilling fluid types, air drilling environment, and different drill string materials. The results of composite wall and concentric cylinder models are obtained by using the input field temperatures data in the geological formation and inner annulus of drill pipe to determine the borehole temperature profile in HPHT wells. Therefore, a thorough borehole heat transfer analysis will help in wellbore stability, drilling fluid selection, corrosion control, and optimal placement and material selection of drilling components in HPHT drilling environments.