In this study, effects of feed rate and cutting speed on surface roughness and cutting tool wear were investigated in drilling of AISI 4140 tempered steel workpieces with internally cooled, Ø14 mm diameter solid carbide drills on a CNC lathe. Although there are various literature on this subject, since there is no information on the experimental parameters that the study has been done, the contribution and originality of the study to the literature is to be qualitative.The experimental study was conducted using cooling water and with cutting speeds of 50, 60, 70, and 80 m/min and feed rate parameters of 0.10, 0.15, 0.20, and 0.25 mm/rev. At the end of the experiment, wear of the used drills was monitored with a material microscope and wear values were determined. Surface roughness of the holes was measured with Mitutoyo branded surface roughness measurement instrument. The longest drill life was obtained at 50 m/min cutting speed and 0.10 mm/rev feed rate. Surface roughness of the samples with drilled holes was measured, and these values were found to vary in the range of 0.270–2.480 µm. At 0.10 mm/rev feed rate and 50 m/min cutting speed, the lowest cutting tool wear was measured as 1222393.74 µm2, while the highest wear was measured as 4532811.14 µm2. For the best surface quality and lowest cutting tool wear, 50 m/min cutting speed and 0.10 mm/rev feed rate were determined to be the optimum parameters.