When I park it, I'll see a little puddle the next day.
Whereabouts is the puddle? Front of the engine, rear of the engine, on the engine? Rearward far enough to be a transmission leak by any chance?
Manual, or automatic trans? If an auto it's easy to see when that's leaking because it's usually pretty much red in color, vs the usual greenish brown of engine oil.
Needing a quart every 300 miles is a lot. Indicative of a very tired engine with lots of miles on it, or one that perhaps has sat for the last several years and is just recently started running again. Or it's leaking more than you think.
A very small puddle under the vehicle very night would need more than 300 miles usually, but if you're only driving it a few miles a day and that 300 miles takes a month, I could see a leak causing it.
Otherwise 300 miles is also burning it, or sucking it up and burning it somewhere.
So, more input again please.
How many miles (just rebuilt?) and how many miles do you drive it? Driving it every day?
And where is the oil dripping from.
The oil gauge does work and Ive never had an issue with oil pressure etc.
Unfortunately for us (from a diagnostic standpoint anyway) an oil leak from any of the usual spots will never be seen on the pressure gauge.
You'd have to be practically out of oil for it to drop pressure. I test-drove my then-new Bronco and it was showing 70psi with just over one quart of oil in the pan.
After 300 miles or so, I'll have to drop another quart into it. When I try and trace the leak it sort of gets lost.
Yeah, we know how that goes. Oil likes to travel. Especially after a drive!
But one of the most common leak points on our Fords, and one that can throw oil all over the place, are the valve covers.
See if you can contort and acrobat yourself over the top of the engine and look down the backside and see if you can tell if there is any oil drooling out of the back of the covers.
It can often be mistaken for a rear-main seal leak because it can drip down behind and out of the bell housing.
Owned this one since 1998. Both were always kind of "leaky." Regardless of swapping out valve covers etc. Ive always just figured it is just something you deal with when driving an old original.
Well, unfortunately you're correct in that! But they can be made dry as a bone too, with mucho diligencio.
Is this an original engine then? Rebuilt in 2005, but that's basically 14 years. How many miles are on it now do you think?
Did it leak this bad right after? Or has it slowly gotten worse over the years?
Check your PCV valve for function, since it sucks much of the excess gas and pressure out of the crankcase. A faulty valve can cause leaks.
And how was it rebuilt and what aftermarket parts were used? Carbureted or fuel-injected?
Some engines are prone to sucking oil up through the PCV valve and burning it, which uses more than it should. Do you have aftermarket valve covers by any chance?
Just a few more things to check.
But at some point, yes you may have to pull things apart to stop them finally. But only if it's something like a rear main, or an oil gallery plug (they're in the back under the bell housing) and stuff like that.
If the cylinder heads were not done, or not done correctly, you could have oil coming through the valve stems and burning that way too. That's not going to leak externally of course, but it could double up your usage and explain the 300 mile exchange rate.
Good luck.
Paul