Congrats on the bike where at in Georgia are you?
There isn't a gasket there. Theres an o-ring, but be wary! Has the starter been replaced?
There are non-OE starters listed on e-bay and such that have the wrong (unsealed) bearing in the starters nosecone. This will cause the primary oil to flow through the starter and onto the valley between the jugs, especially at high RPM. Is the oil coming out of the drip hole at the bottom back of the starter case?
Get a manual download for free at Buellmods.com or Buelltooth.com for step-by-step. You have to remove the primary cover to get to the starter bolts.
For the primary as a rule of thumb. One quart out- one quart in. Through the 2 fastener cover. You could through the 3 fastener cover, but that would be tricky at best. Get the book from the link that the Rider of Silver provided.
Also, be careful when tightening the drain plug on the swingarm. Just enough to slightly compress the o ring. Do not tighten to the factory spec in the book.
How to video here for changing the oil. DO NOT TORQUE THE DRAIN PLUG ON THE SWINGARM. 26-29 FT pounds is "a bit" excessive, and can strip the threads of the swingarm. A helicoil kit will set you back about $130, not including having to replace that synthetic oil.
https://www.youtube.com/watch?v=SMuEHcP6iws
20W50 is fine. I live on an island west of Seattle and ride year round w/20W50. When I purchased my first Buell the dealer told me to use 20W50 year round. I used Mobil-1 one time. The engine clattered loudly and made all kinds of mechanical noise. In 49 years of riding that is the only time that happened. I replaced the oil and filter after only 150 miles or so, couldn't stand listening to what I perceived as destructive noises.
Make sure to check the bolt holding the kickstand, there is a new and improved one available. As mentioned above, be very careful with the drain plugs, good and snug does it ! Be very careful not to over fill the swing arm with engine oil, the level is checked while leaned on the kickstand. Remove and clean all grounds, no matter what they look like also apply an anti-corrossive.
Welcome to the board.
I do need to adjust idle, because it idles around 800-900 when it's warming up. I help it a little for 10 seconds, then let it warm up for a minute or two. After it warms up, with riding, it idles about 1000-1050.
most all 2003-2007 XB's act like this. nature of the beast. NO adjustment required.
I've read that you're supposed to check the oil while the bike is warm.
there is ONE correct procedure that provides consistent and accurate readings...and THIS is it:
1-motor/oil MUST be warm. that means you can feel a bit of warmth to your bare hand when touching the swingarm area near the dipstick reservoir.
2-immediately AFTER riding and feeling warmth as per #1....shut bike off. dismount....bike MUST BE on its sidestand and parked on level surface....fetch a rag or paper towel....remove dip-stick assembly....wipe clean....AND NOW CHECK.
3-this is the ONLY procedure that provides consistently accurate readings.
NOTE: as these bikes continue to age gracefully i'm seeing yet more quirks arise. a dip-stick with a severe curve or bend to the plastic gradient portion one of these quirks. if yours is afflicted with that ailment use a heat gun and straighten it best you can. a curved one will NOT provide an accurate oil level reading.