Merc 135hp alpha 1 help

[greg conway]

I have a 2000 searay with a Merc 135hp alhpa one engine. Recently I took it out and noticed that when I left the no wake area and tried to speed up and go full throttle the boat barely moved.When i got home I looked at it and realized that there was oil leaking out when i started the engine. I looked like it was coming out of the oil filter so i changed and replaced the oil and oil filter and started the boat up. It seemed fine. No oil leaking and sounded fine.Then yesterday I put it in the water and once we got out of the no wake area I tried to speed up and again would not speed up. When I got back to the ramp and took out the plug there was a ton of oil pouring out again. I was thinking that it might be a cracked oil pan but the oil seems to be leaking higher that that. Any suggestions of what could be wrong and how to fix it?