Wellbore leakage mostly occurs in structurally developed fractured formations. Analyzing the real-time leakage rate during the drilling process plays an important role in identifying the leakage mechanism and its rules on-site. Based on the principles of fluid mechanics and using Herschel-Bulkley (H-B) drilling fluid, by reasonably simplifying the drilling fluid performance parameters, fracture roughness characteristic parameters, pressure difference between the wellbore and formation, and the radial extension length of drilling fluid, the radial leakage model is improved to improve the calculation accuracy. Using the Euler format in numerical analysis to solve the model and with the help of numerical analysis software, the radial leakage law of this flow pattern in the fractures is obtained. The results show that the deformation coefficient of the fracture index, fracture aperture, pressure difference, leakage rate, and cumulative leakage rate are positively correlated. The larger the curvature of the fracture, the rougher the fracture, and the smaller the leakage rate and cumulative leakage rate. The larger the consistency coefficient of the drilling fluid, the greater the additional resistance between the fractures, and the smaller the leakage rate and cumulative leakage rate. As the extending length of the fracture increases, the invasion of drilling fluid decreases, the leakage rate slows down, and eventually reaches zero, with the maximum cumulative leakage rate.