Jeff, I have a Mustang 310 and am very happy with it. I don't believe there is a drain plug. The hydro reservoir is under the floor panel below your feet. It holds 18 gallons of hyraulic fluid. As you remove the floor plate, you will find a large gasket all the way around it that you will probably replace. Parts can be obtained from Gehl, who makes the newer Mustangs although yours was manufactured by OMC (Owatonna). Once you have the plate off, I believe you will have to bail out the reservoir. In all probability you should replace the seals on the four axles that come into the reservoir. When I purchased my 310, all four of the seals leaked. Since they have been replaced I do not have a single oil leak on the machine. Concerning the two hyraulic pumps that operate the drive and steering, they are turned when the big serpentine belt is engaged by the movement of the clutch which pushes an idler spool into the serpentine belt. When the belt is not engaged you should be able to turn each of the pulleys on the pumps by hand with very little resistance. If there is resistance you probably have some gunk in the pumps. Once you get the engine running, with the clutch not engaged, you use almost no power. The boom and bucket will operate off of the small pump located just above the left side of the engine. When you engage the clutch, you will need a lot more of the engine. If you get your machine up and running and it is not too rusty it should be worth between $2,000 and $5,000. It's a great little skid loader for small jobs.