I first put one layer of the GSI Dynamat-like material on the oil pan, then one layer of their 1/2 SoundStop foam. This was last summer. It is all still in place. I use 3M #77 spray adhesive on all my SoundStop foam, by the way.
This to my ears was far, far more effective at sound suppression inside than even covering the inside rear cab wall. I put 1 layer of the Dynamat-like material over the entire back wall, then 2 layers of the 1/2" foam on top of that, and it helped a little...
Also, when stading next to the truck with engine idling, the oil pan makes a very significant difference as well as it does from inside the cab. This summer I am going to make a removeable covering for the valve cover using both the Dynamat-like material and 1/2" foam.
Oh, and I cut a small round hole in the materials on the oil pan so I can easily drain my oil without having to do do anything to the foam or other material on the pan.
I have lots of pictures of all my sound deadening efforts in my Readers Rigs section, I don't remember if I have any of the oil pan though... will have to add some if not already there.
Tom