It is your oil filter, whenever oil is leaking it should be addresses, so def a problem. I can't tell from the pic where it is coming from, but either filter or oil cooler gasket popped.. -35 man that's cold..
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2016 F80 M3 BSM with Black interior DCT/Driver Assistance/Executive/LEDs/Adaptive/Black Wheels
2014 F32 435i xDrive AW/CR
2014 F25 X3 M-Sport Carbon Black
2011 e92 335is 2007 X3 122k miles 2006 e90 330i 132k miles
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