What happened
The FAA’s narrative, in sentence case. The FAA writes it in capitals and removes private details.
Pilot in command (PIC), privacy data omitted took off as part of the trojan horsemen flight demo team as one of a flight of six. Shortly after take off, privacy data omitted announced on the tower frequency that the "chip" light illuminated, that he broke from the formation and was returning to the airport. Approximately one minute later, privacy data omitted announced that the engine had failed. privacy data omitted ATCT cleared him to land on any runway. privacy data omittedAdvised that he was going to land on runway 36. While on final approach to runway 36, oil leaked from the engine, completely blocking the view from the canopy. By the time privacy data omitted was able to open the canopy, the aircraft position was east of and abeam the numbers 36. privacy data omitted Was then committed to enter a left downwind and land runway 18. Winds were reported at 210 degrees at 10 knots. The aircraft landed in the water short of the approach end on runway 18 with the landing gear extended and flipped upside down.
As the FAA filed it
PILOT IN COMMAND (PIC), ^PRIVACY DATA OMITTED^ TOOK OFF AS PART OF THE TROJAN HORSEMEN FLIGHT DEMO TEAM AS ONE OF A FLIGHT OF SIX. SHORTLY AFTER TAKE OFF, ^PRIVACY DATA OMITTED^ ANNOUNCED ON THE TOWER FREQUENCY THAT THE "CHIP" LIGHT ILLUMINATED, THAT HE BROKE FROM THE FORMATION AND WAS RETURNING TO THE AIRPORT. APPROXIMATELY ONE MINUTE LATER, ^PRIVACY DATA OMITTED^ ANNOUNCED THAT THE ENGINE HAD FAILED. ^PRIVACY DATA OMITTED^ ATCT CLEARED HIM TO LAND ON ANY RUNWAY. ^PRIVACY DATA OMITTED^ADVISED THAT HE WAS GOING TO LAND ON RUNWAY 36. WHILE ON FINAL APPROACH TO RUNWAY 36, OIL LEAKED FROM THE ENGINE, COMPLETELY BLOCKING THE VIEW FROM THE CANOPY. BY THE TIME ^PRIVACY DATA OMITTED^ WAS ABLE TO OPEN THE CANOPY, THE AIRCRAFT POSITION WAS EAST OF AND ABEAM THE NUMBERS 36. ^PRIVACY DATA OMITTED^ WAS THEN COMMITTED TO ENTER A LEFT DOWNWIND AND LAND RUNWAY 18. WINDS WERE REPORTED AT 210 DEGREES AT 10 KNOTS. THE AIRCRAFT LANDED IN THE WATER SHORT OF THE APPROACH END ON RUNWAY 18 WITH THE LANDING GEAR EXTENDED AND FLIPPED UPSIDE DOWN.