A small hole or loose fitting between the reservoir and your pump(s) wouldn't necessairly show up as a leak when the tractor isn't running. The line from the reservoir to the pump(s) is under negative pressure when the tractor is running, and (obviously) that's when air might be being sucked into the system. Once the tractor is shut off, the line is under no pressure, and oil leaking out may never be evident. As a matter of fact, if there is a hole or loose fitting above the level of fluid back in the reservoir, oil can just drain back into the reservoir, and you could never see a leak. (Kind of like drinking water through a straw with a hole in it. Once you stop sucking, air enters through the hole, the water flows back into the glass, and you never see water on the outside of the straw. But you do get alot of air mixed with water in your mouth when you try to drink!) I'm not familiar with how the
B7200 is plumbed, so maybe someone who owns one can tell you where to begin checking and where the reservoir to pump hydraulic lines are located. The only other possibility I can think of for getting air churned into the hydraulic fluid is if a pressurized return line to the reservoir is squirting oil back into the reservoir above the level of the fluid. (Kind of like squirting water into a bucket with a garden hose.) This would churn the hydraulic fluid and cause a good deal of air bubbles to get into the fluid. But since tractor manufacturers don't want air bubbles in the hydraulic fluid either, they take steps to avoid this happening. When you drained the fluid, were the bubbles dispersed throughout the oil, or did you only notice them in the last gallon or so to drain out of the tractor? Perhaps a small amount of air bubbles which slowly rise to the top of the reservoir is normal in a
B7200 (although I've never noticed any air bubbles in the hydraulic fluid of my two JD tractors). If there were air throughout the fluid, I'd be concerned, too. But, again, rule out the possibility of any water contamination. Hopefully, someone on the board will have seen this problem before and be more helpful. Best of luck.
Bernie