Thats interesting. I had the same thing with mine and it lasted about 4 weeks from the day I picked it up. When I picked it up I noticed the oil pressure pegged to 120psi, and I was like "at least it has good oil pressure". LOL 4 weeks later and pop! Oil pouring everywhere. I thought there was a hole in the block! The sending unit was broke and started spewing oil everywhere. I had it fixed and now I have 40psi at idle and 60psi driving. Sorry it had to happen to you too. I am just glad it didn't happen where I was earlier in the day or I would have maybe ran out of oil and blew the motor!
1993 Bonneville SC SSE With Supercharged Badges, Black and Gold, CAI, 180T, TR-55'*, 2.2 Pulley, Jet Stage 2 Chip, Ceramic coated PEM'*, Magnaflow, Flowmaster 80, Megs Tips.
1995 SLE (Wifes), White and Gold, CAI, APN, Magnaflow, otherwise stock.
1966 Ford Ranchero, 312ci 60 over block decked, GT40P heads Milled, RPM Air Gap intake, Holley 600, MSD Billet Dist., 6A Box, FlowTech Shorties, C-4 W/Shiftkit, 8" 4.11