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Mike,
I hope the new battery works for you, if not it's at least a good way to test something. Check the voltage of the battery once you install it, and if it won't start again and you think the battery is dead then check again. A healthy fully charged battery should put out 12.6-13 volts and should be considered discharged around 12.39(70% charged) volts. If it falls below 12v then it's less than 25% charged. If it isn't charged, then you can check the charging system, and then look for a discharge.
I actually wouldn't dismiss the battery position. Just becuase I had someone install a battery in my car once and it started doing the exact same thing you're describing. It took about fiftteen minutes for the battery to drain completely. As it turned out the problem was that the battery was in backwards. Since it's a negative ground system the battery will work if it's in backwards, and shouldn't be able to harm the regulator, but will discharge constantly.
Good Luck
Andrew
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