Update: I started this job and noticed a few things wrong right away with the prior setup. First off, the bolts were fairly lose- I was able to remove them without much effort using a socket wrench. I know they are supposed to be torqued down to specs, so I doubt the previous owner did that.
Also, there were no gaskets on either the top or bottom of the metal cover over the valley. I'm no expert by far, but I do know that there should have been gaskets there. It starts to explain the oil in there and it looks like the previous owner slapped it together without doing the job right.
I took a photo of it the metal cover just before I removed it and started the clean up. My next step is installing the new intake- correctly!