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I can't imagine it could be leaking around the threads, so I would suspect it's the sensor itself that has popped a leak. Even that doesn't seem likely.

Luckily the sensor is a whole $4 at Autozone, so easy enough to replace & see if the leak goes away.

Sidebar: fluid leaks can be very difficult to trace back to the true source of the leak - not only does the fluid travel in the direction of gravity, there's all sorts of air turbulence in the engine compartment that could further confuse the picture.

Sometimes a good engine compartment cleaning and then checking helps.

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Q: How do I repair Leak around oil pressure sensor on Ford Taurus 1994?
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