I suspect the water heater also. The new water heaters come turned up so high, they "make" air. With an air release on the cold water tank (if it's working properly) it should bleed any excess air coming from the well side. Keep an eye on the water level in the tank. It will vary depending on where the system is in it's pressure cycle, but if it starts to creep down, the air release has probably failed and the bleeder in the well is adding too much air to the system, which it does, that's why there is an air release.