Removal (4.7L)
WARNING: This page is about a different car, the 2003 Dodge Dakota. However, it is still accessible from the selected car via links, so may be relevant.
Crankshaft Position (CKP) sensor is located at right rear side of cylinder block. See Figure. It is positioned and bolted into a machined hole in the engine block. Disconnect CKP sensor connector and remove mounting bolt. Carefully pry sensor from block using 2 screwdrivers and a side-to-side motion. Check condition of CKP sensor "O" ring and replace if necessary.