UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D. C. 20549

                                    FORM 10-K

                  Annual Report Pursuant to Section 13 or 15(d)
                     of the Securities Exchange Act of 1934

                   For the fiscal year ended December 31, 2000


                          Commission File No. 2-75530A


                           PARKER & PARSLEY 82-I, LTD.
             (Exact name of Registrant as specified in its charter)


                           Texas                              75-1825545
          ------------------------------------------    ---------------------
               (State or other jurisdiction of             (I.R.S. Employer
                incorporation or organization)          Identification Number)


1400 Williams Square West, 5205 N. O'Connor Blvd., Irving, Texas      75039
----------------------------------------------------------------    ----------
            (Address of principal executive offices)                (Zip code)

       Registrant's Telephone Number, including area code : (972) 444-9001

        Securities registered pursuant to Section 12(b) of the Act: None
           Securities registered pursuant to Section 12(g) of the Act:
                 Limited partnership interests ($2,000 per unit)

  Indicate  by check  mark  whether  the  Registrant  (1) has filed all  reports
  required to be filed by Section 13 or 15(d) of the Securities  Exchange Act of
  1934  during the  preceding  12 months (or for such  shorter  period  that the
  Registrant  was  required to file such  reports),  and (2) has been subject to
  such filing requirements for the past 90 days. Yes / x / No / /

  Indicate by check mark if disclosure of delinquent filers pursuant to Item 405
  of Regulation S-K is not contained herein,  and will not be contained,  to the
  best of Registrant's  knowledge, in definitive proxy or information statements
  incorporated  by reference  in Part III of this Form 10-K or any  amendment to
  this Form 10-K. / x /

  No market  currently  exists  for the  limited  partnership  interests  of the
  Registrant.  Based on the original  purchase price, the aggregate market value
  of limited partnership  interests owned by non-affiliates of the Registrant is
  $8,515,000.

             As of March 8, 2001, the number of outstanding limited
                        partnership interests was 4,891.

 The following documents are incorporated by reference into the indicated parts
                    of this Annual Report on Form 10-K: None


<PAGE>



Parts I and II of this annual report on Form 10-K (the "Report") contain forward
looking  statements  that  involve  risks  and  uncertainties.  Accordingly,  no
assurances  can be  given  that  the  actual  events  and  results  will  not be
materially  different  than the  anticipated  results  described  in the forward
looking statements.  See "Item 1. Business" for a description of various factors
that could  materially  affect the  ability of the  Partnership  to achieve  the
anticipated results described in the forward looking statements.


                                     PART I

ITEM 1.     Business

Parker &  Parsley  82-I,  Ltd.  (the  "Partnership")  is a  limited  partnership
organized  in 1982  under  the laws of the  State of  Texas.  The  Partnership's
managing general partner is Pioneer Natural Resources USA, Inc.  ("Pioneer USA")
and its co-general partner is P&P Employees 82-I, Ltd. ("EMPL"), a Texas limited
partnership  whose general partner is Pioneer USA. Pioneer USA is a wholly-owned
subsidiary of Pioneer  Natural  Resources  Company  ("Pioneer").  As of March 8,
2001, the Partnership had 4,891 limited partnership interests outstanding.

The Partnership  does not have any employees of its own. Pioneer USA employs 701
persons,  many of whom  dedicated  a part of their  time to the  conduct  of the
Partnership's business during the period for which this Report is filed. Pioneer
USA supplies all management functions.

The  Partnership  engages in oil and gas  development  and production and is not
involved  in any  industry  segment  other than oil and gas.  The  Partnership's
production is geographically concentrated in West Texas.

The principal  markets during 2000 for the oil produced by the Partnership  were
refineries  and  oil  transmission  companies  that  have  facilities  near  the
Partnership's oil producing  properties.  During 2000,  Pioneer USA marketed the
Partnership's gas to a variety of purchasers. Of the Partnership's total oil and
gas revenues for 2000, approximately 68% and 13% were attributable to sales made
to Plains Marketing, L.P. and GPM Gas Corporation,  respectively. Pioneer USA is
of the  opinion  that the loss of any one  purchaser  would not have an  adverse
effect on its  ability to sell its oil,  natural gas  liquids  ("NGLs")  and gas
production.

The Partnership's revenues,  profitability,  cash flow and future rate of growth
are highly dependent on the prevailing prices of oil and gas, which are affected
by  numerous  factors  beyond  the  Partnership's  control.  Oil and gas  prices
historically  have been very volatile.  A substantial or extended decline in the
prices of oil or gas could have a material  adverse effect on the  Partnership's
revenues,  profitability and cash flow and could,  under certain  circumstances,
result in a reduction in the  carrying  value of the  Partnership's  oil and gas
properties.

Oil and gas production operations are subject to various types of regulations by
local, state and federal agencies. The Partnership's operations are also subject
to state  conservation  laws and  regulations,  including the  establishment  of
maximum rates of production  from wells and the regulation of spacing,  plugging
and abandonment of wells. Each state generally imposes a production or severance
tax with respect to production  and sale of oil and gas within their  respective
jurisdictions.  Noncompliance  with the  laws and regulations  may  subject  the

                                        2

<PAGE>


Partnership  to  penalties,  damages or other  liabilities  and  compliance  may
increase the cost of the Partnership's operations.

The oil and gas  business is also subject to  environmental  hazards such as oil
spills,  gas leaks and ruptures and discharges of toxic substances or gases that
could expose the Partnership to substantial liability due to pollution and other
environmental  damages.  Although  the  Partnership  believes  that its business
operations do not impair  environmental  quality and that its costs of complying
with any applicable environmental regulations are not currently significant, the
Partnership cannot predict what, if any, effect these environmental  regulations
may have on its current or future operations.

Numerous  uncertainties  exist in estimating  quantities of proved  reserves and
future net revenues  therefrom.  The  estimates  of proved  reserves and related
future net revenues  set forth in this Report are based on various  assumptions,
which may ultimately  prove to be inaccurate.  Therefore,  such estimates should
not be construed as estimates of the current  market value of the  Partnership's
proved reserves.

No material part of the  Partnership's  business is seasonal and the Partnership
conducts no foreign operations.

ITEM 2.     Properties

The  Partnership's  properties  consist of leasehold  interests in properties on
which oil and gas wells are located.  Such property  interests are often subject
to landowner  royalties,  overriding  royalties  and other oil and gas leasehold
interests.

Fractional  working  interests  in  developmental  and  exploratory  oil and gas
prospects  located in Texas and New Mexico  were  acquired  by the  Partnership,
resulting in the  Partnership's  participation in the drilling of 34 oil and gas
wells.  There were six dry holes from  previous  periods,  two wells plugged and
abandoned and nine wells sold. At December 31, 2000, 17 wells were producing.

For  information  relating  to the  Partnership's  estimated  proved oil and gas
reserves at December 31, 2000,  1999 and 1998 and changes in such quantities for
the years then ended,  see Note 7 of Notes to Financial  Statements  included in
"Item 8. Financial  Statements and Supplementary Data" below. Such reserves have
been  evaluated  by  Williamson  Petroleum  Consultants,  Inc.,  an  independent
petroleum consultant.

ITEM 3.       Legal Proceedings

The  Partnership  from  time to time is a party  to  various  legal  proceedings
incidental to its business  involving claims in oil and gas leases or interests,
other  claims for damages in amounts not in excess of 10% of its current  assets
and other  matters,  none of which  Pioneer  USA  believes to be material to the
Partnership.

                                        3

<PAGE>



ITEM 4.     Submission of Matters to a Vote of Security Holders

There  were no matters  submitted  to a vote of the  partners  during the fourth
quarter of 2000.

                                     PART II

ITEM 5.     Market for Limited Partnership Interests and Limited Partnership
             Distributions

At March 8, 2001, the  Partnership  had 4,891  outstanding  limited  partnership
interests  held of record by 600  subscribers.  There is no  established  public
trading  market  for  the  limited  partnership  interests.  Under  the  limited
partnership  agreement,  Pioneer USA has made  certain  commitments  to purchase
partnership interests at a computed value.

Revenues which, in the sole judgement of the managing general  partner,  are not
required to meet the  Partnership's  obligations are distributed to the partners
at least quarterly in accordance with the limited partnership agreement.  During
the years ended  December  31,  2000 and 1999,  distributions  of  $229,765  and
$50,502, respectively, were made to the limited partners.

ITEM 6.     Selected Financial Data

The  following  table sets forth  selected  financial  data for the years  ended
December 31:
<TABLE>

                                   2000         1999         1998         1997         1996
                                ----------   ----------   ----------   ----------   ----------
<S>                             <C>          <C>          <C>          <C>          <C>
Operating results:

  Oil and gas sales             $  763,858   $  441,997   $  392,883   $  608,207   $  710,173
                                 =========    =========    =========    =========    =========
  Gain on litigation
    settlement, net             $      -     $      -     $      -     $      -     $   43,618
                                 =========    =========    =========    =========    =========
  Impairment of oil and gas
    properties                  $      -     $      -     $  294,610   $  165,201   $    2,277
                                 =========    =========    =========    =========    =========
  Net income (loss)             $  337,729   $   17,320   $ (563,993)  $  (60,847)  $  312,582
                                 =========    =========    =========    =========    =========
  Allocation of net income
    (loss):
      General partners          $   88,128   $   18,135   $  (49,472)  $   31,736   $   92,811
                                 =========    =========    =========    =========    =========
      Limited partners          $  249,601   $     (815)  $ (514,521)  $  (92,583)  $  219,771
                                 =========    =========    =========    =========    =========
  Limited partners' net
    income (loss) per limited
    partnership interest        $    51.03   $     (.17)  $  (105.20)  $   (18.93)  $    44.93
                                 =========    =========    =========    =========    =========
  Limited partners' cash
    distributions per limited
    partnership interest        $    46.98   $    10.33   $    19.57   $    47.31   $    51.40 (a)
                                 =========    =========    =========    =========    =========
At year end:

  Identifiable assets           $  454,904   $  425,107   $  474,528   $1,158,135   $1,526,765
                                 =========    =========    =========    =========    =========
---------------
(a)    Including litigation settlement per limited partnership interest of $6.96
       in 1996.
</TABLE>
                                        4

<PAGE>



ITEM 7.     Management's Discussion and Analysis of Financial Condition and
              Results of Operations

Results of operations

2000 compared to 1999

The  Partnership's  oil and gas revenues  increased  73% to $763,858 for 2000 as
compared to  $441,997 in 1999.  The  increase in revenues  resulted  from higher
average  prices  received,  offset by a decline in production.  In 2000,  17,639
barrels of oil, 6,519 barrels of natural gas liquids  ("NGLs") and 45,981 mcf of
gas were sold, or 31,822 barrel of oil  equivalents  ("BOEs").  In 1999,  17,472
barrels of oil, 6,414 barrels of NGLs and 48,380 mcf of gas were sold, or 31,949
BOEs.  Due to the  decline  characteristics  of the  Partnership's  oil  and gas
properties,  management expects a certain amount of decline in production in the
future  until the  Partnership's  economically  recoverable  reserves  are fully
depleted.

The average  price  received per barrel of oil  increased  $12.78,  or 77%, from
$16.61 in 1999 to $29.39 in 2000.  The average price received per barrel of NGLs
increased $5.48, or 61%, from $8.96 in 1999 to $14.44 in 2000. The average price
received per mcf of gas increased  69% from $1.95 in 1999 to $3.29 in 2000.  The
market price for oil and gas has been extremely  volatile in the past decade and
management expects a certain amount of volatility to continue in the foreseeable
future.  The Partnership may therefore sell its future oil and gas production at
average prices lower or higher than that received in 2000.

Total costs and  expenses  increased in 2000 to $431,421 as compared to $427,526
in 1999,  an increase of $3,895,  or 1%. The  increase  was due to  increases in
production costs and general and  administrative  expenses ("G&A"),  offset by a
decline in depletion.

Production  costs were  $378,872 in 2000 and  $313,158 in 1999,  resulting in an
increase of $65,714,  or 21%. The increase was primarily due to additional  well
maintenance  costs incurred to stimulate well  production and higher  production
taxes associated with higher oil and gas prices.

G&A's  components are independent  accounting and engineering  fees and managing
general partner personnel and operating costs. During this period, G&A increased
39% from $18,932 in 1999 to $26,409 in 2000 primarily due to a higher percentage
of the managing general partner's G&A being allocated  (limited to 3% of oil and
gas  revenues) as a result of increased oil and gas  revenues.  The  Partnership
paid the managing  general  partner  $22,916 in 2000 and $13,260 in 1999 for G&A
incurred on behalf of the  Partnership.  The  remaining G&A was paid directly by
the Partnership.  The managing general partner determines the allocated expenses
based  upon  the  level  of  activity  of  the   Partnership   relative  to  the
non-partnership  activities  of the  managing  general  partner.  The  method of
allocation  has been  consistent  over  the  past  several  years  with  certain
modifications  incorporated to reflect changes in Pioneer USA's overall business
activities.

Depletion  was $26,140 in 2000 as compared  to $95,436 in 1999,  representing  a
decrease of $69,296, or 73%. This decrease was primarily due to a 86,555 barrels
of oil increase in proved reserves  during 2000 as a result of higher  commodity
prices.

                                        5

<PAGE>



1999 compared to 1998

The  Partnership's  1999 oil and gas  revenues  increased  13% to $441,997  from
$392,883 in 1998.  The increase in revenues  resulted from higher average prices
received,  offset by a decline in  production.  In 1999,  17,472 barrels of oil,
6,414  barrels of NGLs and 48,380 mcf of gas were sold, or 31,949 BOEs. In 1998,
19,150 barrels of oil, 6,748 barrels of NGLs and 48,971 mcf of gas were sold, or
34,060 BOEs.

The average  price  received per barrel of oil  increased  $3.29,  or 25%,  from
$13.32 in 1998 to $16.61 in 1999.  The average price received per barrel of NGLs
increased  $1.76, or 24%, from $7.20 in 1998 to $8.96 in 1999. The average price
received per mcf of gas increased 7% from $1.82 in 1998 to $1.95 in 1999.

A gain on  disposition  of assets of $199 was  recognized  during 1998 from post
closing  adjustments  received  from the sale of eight oil and gas wells  during
1997.

Total costs and  expenses  decreased in 1999 to $427,526 as compared to $961,319
in 1998, a decrease of $533,793,  or 56%.  The  decrease  was  primarily  due to
declines in the impairment of oil and gas  properties,  depletion and production
costs, offset by an increase in G&A expenses.

Production  costs were  $313,158 in 1999 and  $336,406 in 1998,  resulting  in a
$23,248  decrease,  or 7%. The decrease was due to declines in well  maintenance
costs and ad valorem taxes.

During this period,  G&A  increased  30% from $14,542 in 1998 to $18,932 in 1999
primarily due to a higher percentage of the managing general partner's G&A being
allocated  (limited to 3% of oil and gas  revenues) as a result of increased oil
and gas revenues.  The Partnership  paid the managing general partner $13,260 in
1999 and $11,786 in 1998 for G&A incurred on behalf of the Partnership.

In  accordance  with  Statement  of  Financial  Accounting  Standards  No.  121,
"Accounting for the Impairment of Long-Lived Assets and for Long-Lived Assets to
be  Disposed  Of"  ("SFAS  121"),  the  managing  general  partner  reviews  the
Partnership's  oil  and  gas  properties  for  impairment   whenever  events  or
circumstances  indicate a decline in the recoverability of the carrying value of
the  Partnership's  assets  may have  occurred.  As a result of the  review  and
evaluation of its long- lived assets for impairment,  the Partnership recognized
a non-cash charge of $294,610 related to its oil and gas properties during 1998.

Depletion  was $95,436 in 1999  compared to  $315,761  in 1998,  representing  a
decrease of  $220,325,  or 70%.  This  decrease was the result of an increase in
proved  reserves  of 168,752  barrels  of oil during  1999 as a result of higher
commodity prices and a reduction in the  Partnership's net depletable basis from
charges taken in accordance with SFAS 121 during the fourth quarter of 1998.

                                        6

<PAGE>



Petroleum industry

The petroleum  industry has been  characterized by volatile oil, NGL and natural
gas commodity prices and relatively stable supplier costs during the three years
ended  December  31, 2000.  During 1998,  weather  patterns,  regional  economic
recessions  and political  matters  combined to cause  worldwide oil supplies to
exceed  demand  resulting in a  substantial  decline in oil prices.  Also during
1998,  but to a lesser  extent,  market prices for natural gas declined.  During
1999 and 2000, the Organization of Petroleum  Exporting  Countries  ("OPEC") and
certain other crude oil exporting nations announced  reductions in their planned
export  volumes.  Those  announcements,  together  with  the  enactment  of  the
announced  reductions  in export  volumes,  had a  positive  impact on world oil
prices,  as have  overall  natural gas supply and demand  fundamentals  on North
American natural gas prices.  Although the favorable commodity price environment
and stable field service cost  environment is expected to continue  during 2001,
there is no assurance that commodity  prices will not return to a less favorable
level or that field service costs will not escalate in the future, both of which
could negatively impact the Partnership's  future results of operations and cash
distributions.

Liquidity and capital resources

Net Cash Provided by Operating Activities

Net cash provided by operating  activities  increased  $227,133  during the year
ended  December 31, 2000 from 1999.  This increase was due to an increase in oil
and gas sales receipts of $324,304, offset by increases in production costs paid
of $65,714,  G&A  expenses  paid of $7,477 and working  capital of $23,980.  The
increase in oil and gas receipts  resulted from the increase in commodity prices
during 2000 which  contributed  an additional  $325,772 to oil and gas receipts,
offset by $1,468  resulting  from the decline in  production  during  2000.  The
increase in production  costs was primarily  due to increased  production  taxes
associated with higher oil and gas prices and well maintenance costs incurred to
stimulate  well  production.  The  increase in G&A was  primarily  due to higher
percentage of the managing general partner's G&A being allocated  (limited to 3%
of oil and gas revenues) as a result of increased oil and gas revenues.

Net Cash Provided by (Used in) Investing Activities

The  Partnership's  principle  investing  activities  during  2000 and 1999 were
related  to the  upgrades  of oil  and  gas  equipment  on  various  oil and gas
properties.

Proceeds from asset  dispositions  of $704 in 1999 were from  equipment  credits
received on active properties.

Net Cash Used in Financing Activities

In 2000, cash distributions to the partners were $308,330,  of which $78,565 was
distributed  to the general  partners and $229,765 to the limited  partners.  In
1999,  cash  distributions  to the partners were  $67,767,  of which $17,265 was
distributed to the general partners and $50,502 to the limited partners.

                                        7

<PAGE>



ITEM 8.     Financial Statements and Supplementary Data


                          Index to Financial Statements

                                                                           Page
  Financial Statements of Parker & Parsley 82-I, Ltd:
    Independent Auditors' Report.......................................      9
    Balance Sheets as of December 31, 2000 and 1999....................     10
    Statements of Operations for the Years Ended December 31,
       2000, 1999 and 1998.............................................     11
    Statements of Partners' Capital for the Years Ended
       December 31, 2000, 1999 and 1998................................     12
    Statements of Cash Flows for the Years Ended December 31,
       2000, 1999 and 1998.............................................     13
    Notes to Financial Statements......................................     14


                                        8

<PAGE>





                          INDEPENDENT AUDITORS' REPORT



  The Partners
  Parker & Parsley 82-I, Ltd.
    (A Texas Limited Partnership):

  We have  audited  the  balance  sheets of Parker & Parsley  82-I,  Ltd.  as of
  December  31,  2000  and  1999,  and the  related  statements  of  operations,
  partners'  capital  and cash  flows for each of the three  years in the period
  ended December 31, 2000. These financial  statements are the responsibility of
  the Partnership's  management.  Our responsibility is to express an opinion on
  these financial statements based on our audits.

  We  conducted  our audits in  accordance  with  auditing  standards  generally
  accepted  in the  United  States.  Those  standards  require  that we plan and
  perform the audit to obtain  reasonable  assurance about whether the financial
  statements are free of material misstatement.  An audit includes examining, on
  a test basis, evidence supporting the amounts and disclosures in the financial
  statements.  An audit also includes  assessing the accounting  principles used
  and  significant  estimates  made by  management,  as well as  evaluating  the
  overall financial statement presentation. We believe that our audits provide a
  reasonable basis for our opinion.

  In our opinion,  the financial statements referred to above present fairly, in
  all material  respects,  the financial position of Parker & Parsley 82-I, Ltd.
  as of December 31, 2000 and 1999,  and the results of its  operations  and its
  cash flows for each of the three years in the period ended  December 31, 2000,
  in conformity  with  accounting  principles  generally  accepted in the United
  States.



                                             Ernst & Young LLP


  Dallas, Texas
  March 9, 2001


                                        9

<PAGE>



                           PARKER & PARSLEY 82-I, LTD.
                          (A Texas Limited Partnership)

                                 BALANCE SHEETS
                                   December 31


<TABLE>

                                                       2000            1999
                                                    -----------     -----------
                  ASSETS

<S>                                                 <C>             <C>
  Current assets:
    Cash                                            $    57,728     $    61,558
    Accounts receivable - oil and gas sales             109,719          61,533
                                                     ----------      ----------
         Total current assets                           167,447         123,091
                                                     ----------      ----------

  Oil and gas properties - at cost, based on the
    successful efforts accounting method              9,901,101       9,889,520
  Accumulated depletion                              (9,613,644)     (9,587,504)
                                                     ----------      ----------
         Net oil and gas properties                     287,457         302,016
                                                     ----------      ----------
                                                    $   454,904     $   425,107
                                                     ==========      ==========

  LIABILITIES AND PARTNERS' CAPITAL

  Current liabilities:
    Accounts payable - affiliate                    $    13,712     $    13,314

  Partners' capital:
    General partners                                    161,365         151,802
    Limited partners (4,891 interests)                  279,827         259,991
                                                     ----------      ----------
                                                        441,192         411,793
                                                     ----------      ----------
                                                    $   454,904     $   425,107
                                                     ==========      ==========



   The accompanying notes are an integral part of these financial statements.
</TABLE>

                                       10

<PAGE>



                           PARKER & PARSLEY 82-I, LTD.
                          (A Texas Limited Partnership)

                            STATEMENTS OF OPERATIONS
                         For the years ended December 31



<TABLE>

                                                       2000          1999         1998
                                                   -----------   -----------   -----------
<S>                                                <C>           <C>           <C>
  Revenues:
      Oil and gas                                  $   763,858   $   441,997   $   392,883
      Interest                                           5,292         2,849         4,244
      Gain on disposition of assets                        -             -             199
                                                    ----------    ----------    ----------
                                                       769,150       444,846       397,326
                                                    ----------    ----------    ----------
  Costs and expenses:
      Oil and gas production                           378,872       313,158       336,406
      General and administrative                        26,409        18,932        14,542
      Impairment of oil and gas properties                 -             -         294,610
      Depletion                                         26,140        95,436       315,761
                                                    ----------    ----------    ----------
                                                       431,421       427,526       961,319
                                                    ----------    ----------    ----------
  Net income (loss)                                $   337,729   $    17,320   $  (563,993)
                                                    ==========    ==========    ==========
  Allocation of net income (loss):
      General partners                             $    88,128   $    18,135   $   (49,472)
                                                    ==========    ==========    ==========
      Limited partners                             $   249,601   $      (815)  $  (514,521)
                                                    ==========    ==========    ==========
  Net income (loss) per limited partnership
      interest                                     $     51.03   $      (.17)  $   (105.20)
                                                    ==========    ==========    ==========



   The accompanying notes are an integral part of these financial statements.
</TABLE>

                                       11

<PAGE>



                           PARKER & PARSLEY 82-I, LTD.
                          (A Texas Limited Partnership)

                         STATEMENTS OF PARTNERS' CAPITAL



<TABLE>

                                                  General       Limited
                                                  partners      partners        Total
                                                 ----------    ----------    ----------

<S>                                              <C>           <C>           <C>
  Partners' capital at January 1, 1998           $  221,119    $  921,541    $1,142,660

    Distributions                                   (20,715)      (95,712)     (116,427)

    Net loss                                        (49,472)     (514,521)     (563,993)
                                                  ---------     ---------     ---------

  Partners' capital at December 31, 1998            150,932       311,308       462,240

    Distributions                                   (17,265)      (50,502)      (67,767)

    Net income (loss)                                18,135          (815)       17,320
                                                  ---------     ---------     ---------

  Partners' capital at December 31, 1999            151,802       259,991       411,793

    Distributions                                   (78,565)     (229,765)     (308,330)

    Net income                                       88,128       249,601       337,729
                                                  ---------     ---------     ---------

  Partners' capital at December 31, 2000         $  161,365    $  279,827    $  441,192
                                                  =========     =========     =========




 The  accompanying  notes  are an  integral  part  of  these financial statements.

</TABLE>
                                       12

<PAGE>



                           PARKER & PARSLEY 82-I, LTD.
                          (A Texas Limited Partnership)

                            STATEMENTS OF CASH FLOWS
                         For the years ended December 31



<TABLE>

                                                               2000          1999          1998
                                                            ----------    ----------    ----------
<S>                                                         <C>           <C>           <C>
  Cash flows from operating activities:
    Net income (loss)                                       $  337,729    $   17,320    $ (563,993)
    Adjustments to reconcile net income (loss) to
      net cash provided by operating activities:
         Impairment of oil and gas properties                      -             -         294,610
         Depletion                                              26,140        95,436       315,761
         Gain on disposition of assets                             -             -            (199)
    Changes in assets and liabilities:
      Accounts receivable                                      (48,186)      (24,834)       26,999
      Accounts payable                                             398         1,026        (3,187)
                                                             ---------     ---------     ---------
           Net cash provided by operating activities           316,081        88,948        69,991
                                                             ---------     ---------     ---------
  Cash flows from investing activities:
    Additions to oil and gas properties                        (11,581)       (4,754)       (6,820)
    Proceeds from asset dispositions                               -             704        14,397
                                                             ---------     ---------     ---------
           Net cash provided by (used in)
             investing activities                              (11,581)       (4,050)        7,577
                                                             ---------     ---------     ---------
  Cash flows used in financing activities:
    Cash distributions to partners                            (308,330)      (67,767)     (116,427)
                                                             ---------     ---------     ---------
  Net increase (decrease) in cash                               (3,830)       17,131       (38,859)
  Cash at beginning of year                                     61,558        44,427        83,286
                                                             ---------     ---------     ---------
  Cash at end of year                                       $   57,728    $   61,558    $   44,427
                                                             =========     =========     =========


   The accompanying notes are an integral part of these financial statements.
</TABLE>

                                       13

<PAGE>



                           PARKER & PARSLEY 82-I, LTD.
                          (A Texas Limited Partnership)

                          NOTES TO FINANCIAL STATEMENTS
                        December 31, 2000, 1999 and 1998


Note 1.     Organization and nature of operations

     Parker & Parsley 82-I, Ltd. (the  "Partnership")  is a limited  partnership
organized  in 1982  under  the laws of the  State of  Texas.  The  Partnership's
general partners are Pioneer Natural Resources USA, Inc. ("Pioneer USA") and P&P
Employees 82-I, Ltd.  ("EMPL").  The  Partnership's  managing general partner is
Pioneer USA.

     The Partnership  engages in oil and gas development and production in Texas
and is not involved in any industry segment other than oil and gas.

Note 2.     Summary of significant accounting policies

     A summary of the significant  accounting policies  consistently  applied in
the preparation of the accompanying financial statements follows:

     Oil and gas properties - The  Partnership  utilizes the successful  efforts
method of accounting for its oil and gas  properties  and equipment.  Under this
method, all costs associated with productive wells and nonproductive development
wells are  capitalized  while  nonproductive  exploration  costs  are  expensed.
Capitalized   costs  relating  to  proved  properties  are  depleted  using  the
unit-of-production  method on a  property-by-property  basis based on proved oil
(dominant mineral) reserves as evaluated by independent  petroleum  consultants.
The carrying amounts of properties sold or otherwise disposed of and the related
allowances for depletion are  eliminated  from the accounts and any gain or loss
is included in results of operations.

     Impairment of long-lived assets - In accordance with Statement of Financial
Accounting  Standards  No. 121,  "Accounting  for the  Impairment  of Long-Lived
Assets  and  for  Long-Lived  Assets  to  be  Disposed  Of"  ("SFAS  121"),  the
Partnership  reviews its long-lived  assets to be held and used on an individual
property  basis,  including  oil and gas  properties  accounted  for  under  the
successful  efforts  method of  accounting,  whenever  events  or  circumstances
indicate  that the  carrying  value of those assets may not be  recoverable.  An
impairment  loss is indicated  if the sum of the  expected  future cash flows is
less  than  the  carrying  amount  of the  assets.  In  this  circumstance,  the
Partnership  recognizes an impairment  loss for the amount by which the carrying
amount of the asset exceeds the estimated fair value of the asset.

     Use of estimates in the  preparation of financial  statements - Preparation
of the accompanying  financial  statements in conformity with generally accepted
accounting principles requires management to make estimates and assumptions that
affect  the  reported  amounts  of assets  and  liabilities  and  disclosure  of
contingent  assets and  liabilities at the  date of the financial statements and

                                       14

<PAGE>



the  reported  amounts of revenues and expenses  during the  reporting  periods.
Actual results could differ from those estimates.

     Net income (loss) per limited partnership  interest - The net income (loss)
per  limited  partnership   interest  is  calculated  by  using  the  number  of
outstanding limited partnership interests.

     Income taxes - A Federal  income tax provision has not been included in the
financial  statements  as the  income  of the  Partnership  is  included  in the
individual Federal income tax returns of the respective partners.

     Statements  of cash flows - For  purposes of  reporting  cash  flows,  cash
includes depository accounts held by banks.

     General and administrative  expenses - General and administrative  expenses
are  allocated  in part to the  Partnership  by the  managing  general  partner.
Allocated expenses are determined by the managing general partner based upon the
level of activity of the Partnership relative to the non-partnership  activities
of the managing  general  partner.  The method of allocation has been consistent
over the past several years with certain  modifications  incorporated to reflect
changes in Pioneer USA's overall business activities.

     Reclassifications  -  Certain  reclassifications  may have been made to the
1999 and 1998 financial  statements to conform to the 2000  financial  statement
presentations.

     Environmental - The Partnership is subject to extensive federal,  state and
local  environmental  laws and  regulations.  These laws,  which are  constantly
changing,  regulate  the  discharge of materials  into the  environment  and may
require the Partnership to remove or mitigate the  environmental  effects of the
disposal  or release of  petroleum  or  chemical  substances  at various  sites.
Environmental expenditures are expensed or capitalized depending on their future
economic benefit.  Expenditures  that relate to an existing  condition caused by
past  operations  and  that  have no  future  economic  benefits  are  expensed.
Liabilities  for   expenditures  of  a  noncapital   nature  are  recorded  when
environmental  assessment and/or  remediation is probable,  and the costs can be
reasonably  estimated.  Such liabilities are generally  undiscounted  unless the
timing of cash  payments for the  liability  or component  are fixed or reliably
determinable. No such liabilities have been accrued as of December 31, 2000.

     Revenue  recognition  - The  Partnership  uses the  entitlements  method of
accounting for oil, natural gas liquids ("NGLs") and natural gas revenues.

Note 3.     Impairment of long-lived assets

     In accordance with SFAS 121, the Partnership reviews its proved oil and gas
properties for impairment  whenever events and circumstances  indicate a decline
in the  recoverability  of the carrying value of the  Partnership's  oil and gas
properties.  The Partnership has estimated the expected future cash flows of its
oil and gas properties as of December 31, 2000,  1999 and 1998,  based on proved
reserves,  and  compared such  estimated  future  cash  flows to the  respective

                                       15

<PAGE>



carrying  amount of the oil and gas  properties  to  determine  if the  carrying
amounts were likely to be  recoverable.  For those proved oil and gas properties
for which the carrying  amount  exceeded  the  estimated  future cash flows,  an
impairment  was determined to exist;  therefore,  the  Partnership  adjusted the
carrying  amount  of  those  oil and gas  properties  to  their  fair  value  as
determined by discounting  their  expected  future cash flows at a discount rate
commensurate  with  the  risks  involved  in  the  industry.  As a  result,  the
Partnership  recognized a non-cash  impairment  provision of $294,610 related to
its proved oil and gas properties during 1998.

Note 4.     Income taxes

     The  financial   statement  basis  of  the  Partnership's  net  assets  and
liabilities was $663,714 less than the tax basis at December 31, 2000.

     The following is a  reconciliation  of net income (loss) per  statements of
operations  with the net income per  Federal  income tax  returns  for the years
ended December 31:
<TABLE>

                                                               2000        1999          1998
                                                            ---------    ---------    ----------

<S>                                                         <C>          <C>          <C>

     Net income (loss) per statements of operations         $ 337,729    $  17,320    $ (563,993)
     Depletion and depreciation provisions for
        tax reporting purposes less than amounts for
        financial reporting purposes                           21,746       92,542       312,201
     Impairment of oil and gas properties for financial
        reporting purposes                                        -            -         294,610
     Loss on disposition of assets                                -            -            (116)
     Other, net                                                  (637)          77           786
                                                             --------     --------     ---------
           Net income per Federal income tax
              returns                                       $ 358,838    $ 109,939    $   43,488
                                                             ========     ========     =========
</TABLE>

Note 5.     Oil and gas producing activities

     The following is a summary of the costs  incurred,  whether  capitalized or
expensed,  related to the Partnership's oil and gas producing activities for the
years ended December 31:
<TABLE>

                                                               2000         1999         1998
                                                            ---------    ---------    ----------
<S>                                                          <C>          <C>          <C>

       Development costs                                    $  11,581    $   4,754    $    6,820
                                                             ========     ========     =========
</TABLE>
<TABLE>

       Capitalized oil and gas properties consist of the following:

                                                                           2000           1999
                                                                        -----------   -------------
<S>                                                                     <C>           <C>
     Proved properties:
       Property acquisition costs                                       $   360,899   $     360,899
       Completed wells and equipment                                      9,540,202       9,528,621
                                                                         ----------    ------------

                                                                          9,901,101       9,889,520
     Accumulated depletion                                               (9,613,644)     (9,587,504)
                                                                         ----------    ------------
            Net oil and gas properties                                  $   287,457   $     302,016
                                                                         ==========    ============
</TABLE>

                                       16

<PAGE>





Note 6.     Related party transactions

     Pursuant to the limited  partnership  agreement,  the  Partnership  had the
following  related party  transactions  with the managing general partner during
the years ended December 31:
<TABLE>

                                                            2000         1999        1998
                                                         ---------    ---------    ---------
<S>                                                      <C>          <C>          <C>
    Payment of lease operating and supervision
       charges in accordance with standard
       industry operating agreements                     $ 162,023    $ 156,380    $ 150,391

    Reimbursement of general and administrative
       expenses                                          $  22,916    $  13,260    $  11,786
</TABLE>

     Pioneer  USA,  EMPL and the  Partnership  are  parties  to the  Partnership
agreement. EMPL is a limited partnership in which Pioneer USA owns 77.5% and the
remaining portion is owned by former affiliates. In addition,  Pioneer USA owned
634 limited partner interests at January 1, 2001.

     The costs and revenues of the Partnership are allocated as follows:

                                                            General     Limited
                                                            partners    partners
                                                            --------    --------
 Revenues:
   Proceeds from property dispositions prior to cost
     recovery                                                  10%         90%
   All other Partnership revenues                              25%         75%
 Costs and expenses:
   Lease acquisition costs, drilling and completion costs      10%         90%
   Operating costs, direct costs and general and
     administrative expenses                                   25%         75%

Note 7.     Oil and gas information (unaudited)

     The following  table  presents  information  relating to the  Partnership's
estimated  proved oil and gas reserves at December  31, 2000,  1999 and 1998 and
changes in such quantities during the years then ended. All of the Partnership's
reserves  are  proved  developed  and  located  within the  United  States.  The
Partnership's  reserves  are  based  on an  evaluation  prepared  by  Williamson
Petroleum Consultants, Inc., an independent petroleum consultant, using criteria
established by the Securities and Exchange Commission.

                                       17

<PAGE>


<TABLE>
                                                          Oil and NGLs        Gas
                                                             (bbls)         (mcf)
                                                           ----------      ---------

<S>                                                        <C>             <C>
     Net proved reserves at January 1, 1998                   321,477        448,047
     Revisions                                               (230,755)      (305,609)
     Production                                               (25,898)       (48,971)
                                                           ----------      ---------
     Net proved reserves at December 31, 1998                  64,824         93,467
     Revisions                                                280,613        443,568
     Production                                               (23,886)       (48,380)
                                                           ----------      ---------
     Net proved reserves at December 31, 1999                 321,551        488,655
     Revisions                                                 60,464        362,471
     Production                                               (24,158)       (45,981)
                                                           ----------      ---------
     Net proved reserves at December 31, 2000                 357,857        805,145
                                                           ==========      =========
</TABLE>

     As of December 31, 2000, the estimated present value of future net revenues
of proved  reserves,  calculated  using  December  31, 2000 prices of $26.55 per
barrel of oil, $13.69 per barrel of NGLs and $8.68 per mcf of gas, discounted at
10% was approximately $3,226,000 and undiscounted was $6,208,000.

     Numerous  uncertainties  exist in estimating  quantities of proved reserves
and future net revenues therefrom.  The estimates of proved reserves and related
future net revenues  set forth in this Report are based on various  assumptions,
which may ultimately  prove to be inaccurate.  Therefore,  such estimates should
not be construed as estimates of the current  market value of the  Partnership's
proved  reserves.   The  Partnership   emphasizes  that  reserve  estimates  are
inherently imprecise and,  accordingly,  the estimates are expected to change as
future information becomes available.

Disclosures about Oil & Gas Producing Activities

Standardized Measure of Discounted Future Net Cash Flows

     The standardized measure of discounted future net cash flows is computed by
applying  year- end prices of oil and gas (with  consideration  of price changes
only to the extent provided by contractual arrangements) to the estimated future
production of proved oil and gas reserves  less  estimated  future  expenditures
(based on year-end  costs) to be incurred in developing and producing the proved
reserves,  discounted  using a rate of 10% per  year to  reflect  the  estimated
timing of the future cash flows.  A Federal  income tax  provision  has not been
calculated  as the  income of the  Partnership  is  included  in the  individual
Federal income tax returns of the respective partners.

     Discounted  future  cash flow  estimates  like  those  shown  below are not
intended to  represent  estimates  of the fair value of oil and gas  properties.
Estimates  of fair value  should also  consider  anticipated  future oil and gas
prices,  interest rates,  changes in development and production  costs and risks
associated with future  production.  Because of these and other  considerations,
any estimate of fair value is necessarily subjective and imprecise.

                                       18

<PAGE>



<TABLE>

                                                           For the years ended December 31,
                                                         -----------------------------------
                                                            2000         1999        1998
                                                         ---------    ---------    ---------
                                                                   (in thousands)
<S>                                                      <C>          <C>          <C>
  Oil and gas producing activities:
       Future cash inflows                               $  15,230    $   8,078    $     701
       Future production costs                              (9,022)      (5,386)        (624)
                                                          --------     --------     --------
                                                             6,208        2,692           77
       10% annual discount factor                           (2,982)      (1,056)         (11)
                                                          --------     --------     --------
       Standardized measure of discounted
          future net cash flows                          $   3,226    $   1,636    $      66
                                                          ========     ========     ========

                                                           For the years ended December 31,
                                                         -----------------------------------
                                                            2000         1999        1998
                                                         ---------    ---------    ---------
                                                                   (in thousands)
     Oil and Gas Producing Activities:
        Oil and gas sales, net of production costs       $    (385)   $    (128)   $     (56)
        Net changes in prices and production costs           1,448          378         (898)
        Revisions of previous quantity estimates               927        2,018         (164)
        Accretion of discount                                  164            6          118
        Changes in production rates, timing and other         (564)        (704)        (113)
                                                          --------     --------     --------

        Change in present value of future net revenues       1,590        1,570       (1,113)
                                                          --------     --------     --------

        Balance, beginning of year                           1,636           66        1,179
                                                          --------     --------     --------

        Balance, end of year                             $   3,226    $   1,636    $      66
                                                          ========     ========     ========
</TABLE>

Note 8.     Major customers

     The following table reflects the major customers of the  Partnership's  oil
and gas sales (a major  customer is defined as a customer whose sales exceed 10%
of total sales) during the years ended December 31:

                                                2000        1999         1998
                                               ------      ------       ------

           Plains Marketing, L.P.                 68%         66%          -
           Genesis Crude Oil, L.P.                 -           -          65%
           GPM Gas Corporation                    13%         14%         13%
           Western Gas Resources, Inc.             1%          2%         10%

     At December 31, 2000, the amounts  receivable from Plains  Marketing,  L.P.
and GPM Gas  Corporation  were  $54,651  and  $30,037,  respectively,  which are
included  in the  caption  "Accounts  receivable  - oil  and gas  sales"  in the
accompanying Balance Sheet.

     Pioneer USA is of the opinion that the loss of any one purchaser  would not
have an adverse  effect on the ability of the  Partnership to sell its oil, NGLs
and gas production.

                                       19

<PAGE>



Note 9.     Partnership agreement

     The following is a brief summary of the more significant  provisions of the
limited partnership agreement:

       General  partners - The general  partners of the  Partnership are Pioneer
       USA and EMPL.  Pioneer USA, the managing general  partner,  has the power
       and authority to manage,  control and administer all Partnership affairs.
       As managing general partner and operator of the Partnership's properties,
       all  production  expenses  are  incurred by Pioneer USA and billed to the
       Partnership.  The majority of the  Partnership's oil and gas revenues are
       received directly by the Partnership,  however,  a portion of the oil and
       gas revenue is  initially  received by Pioneer USA prior to being paid to
       the Partnership.

       Limited  partner  liability  - The  maximum  amount of  liability  of any
       limited partner is the total contributions of such partner plus his share
       of any undistributed profits.

       Initial  capital  contributions  -  The  limited  partners  entered  into
       subscription   agreements   for  aggregate   capital   contributions   of
       $9,782,000.  During 1985, the Partnership  received a total of $1,372,500
       from its limited  partners in response to an  assessment  by the managing
       general partner.  Additionally,  $650,000 was contributed by the managing
       general partner for limited  partnership  interests on unpaid assessments
       of which  $500,000  was paid in 1985 and  $150,000  in 1986.  The general
       partners are required to contribute  amounts equal to 10% of  Partnership
       expenditures  for lease  acquisition,  drilling and completion and 25% of
       direct, general and administrative and operating expenses.

ITEM 9.     Changes in and Disagreements with Accountants on Accounting
                and Financial Disclosure

None.


                                       20

<PAGE>



                                    PART III

ITEM 10.     Directors and Executive Officers of the Partnership

The  Partnership  does not have any  officers  or  directors.  Under the limited
partnership agreement,  the Partnership's managing general partner, Pioneer USA,
is  granted  the  exclusive  right and full  authority  to manage,  control  and
administer the Partnership's business.

Set forth below are the names, ages and positions of the directors and executive
officers of Pioneer USA. Directors of Pioneer USA are elected to serve until the
next annual meeting of  stockholders  or until their  successors are elected and
qualified.

                            Age at
                         December 31,
      Name                   2000                     Position
--------------------     ------------     ---------------------------------
Scott D. Sheffield            48          President

Timothy L. Dove               44          Executive Vice President, Chief
                                            Financial Officer and Director

Dennis E. Fagerstone          51          Executive Vice President and Director

Mark L. Withrow               53          Executive Vice President, General
                                            Counsel and Director

Danny Kellum                  46          Executive Vice President - Domestic
                                            Operations and Director

Rich Dealy                    34          Vice President and Chief Accounting
                                            Officer

     Scott D. Sheffield.  Mr. Sheffield is a graduate of The University of Texas
with a B.S.  in  Petroleum  Engineering.  Since  August  1997,  he has served as
President,  Chief  Executive  Officer and a director of Pioneer and President of
Pioneer  USA.  Mr.  Sheffield  assumed the  position of Chairman of the Board of
Pioneer in August 1999.  He served as a director of Pioneer USA from August 1997
until  his  resignation  from the  board in June  1999.  Mr.  Sheffield  was the
President  and a  director  of Parker & Parsley  Petroleum  Company  ("Parker  &
Parsley")  from May 1990 until August 1997 and was the Chairman of the Board and
Chief Executive Officer of Parker & Parsley from October 1990 until August 1997.
He was the sole  director of Parker & Parsley from May 1990 until  October 1990.
Mr.  Sheffield  joined  Parker  &  Parsley  Development   Company  ("PPDC"),   a
predecessor of Parker & Parsley,  as a petroleum  engineer in 1979. He served as
Vice  President - Engineering  of PPDC from September 1981 until April 1985 when
he was elected  President  and a  director.  In March 1989,  Mr.  Sheffield  was
elected  Chairman  of the Board  and Chief  Executive  Officer  of PPDC.  Before
joining  PPDC's  predecessor,  Mr.  Sheffield  was employed as a production  and
reservoir engineer for Amoco Production Company.

                                       21

<PAGE>



     Timothy L. Dove.  Mr.  Dove earned a B.S. in  Mechanical  Engineering  from
Massachusetts  Institute of Technology  in 1979 and received his M.B.A.  in 1981
from the  University of Chicago.  He became  Executive Vice President - Business
Development  of Pioneer and Pioneer USA in August 1997 and was also  appointed a
director of Pioneer USA in August  1997.  Mr. Dove assumed the position of Chief
Financial  Officer of Pioneer and Pioneer USA  effective  February 1, 2000.  Mr.
Dove joined Parker & Parsley in May 1994 as Vice President -  International  and
was promoted to Senior Vice President - Business Development in October 1996, in
which  position he served until August 1997.  Prior to joining Parker & Parsley,
Mr. Dove was employed with Diamond  Shamrock  Corp.,  and its  successor,  Maxus
Energy Corp, in various capacities in international  exploration and production,
marketing, refining and marketing and planning and development.

     Dennis E. Fagerstone.  Mr. Fagerstone, a graduate of the Colorado School of
Mines with a B.S. in Petroleum  Engineering,  became an Executive Vice President
of Pioneer and Pioneer USA in August 1997.  He was also  appointed a director of
Pioneer USA in August 1997.  He served as  Executive  Vice  President  and Chief
Operating  Officer of MESA Inc.  ("Mesa")  from March 1, 1997 until August 1997.
From  October  1996 to  February  1997,  Mr.  Fagerstone  served as Senior  Vice
President and Chief Operating Officer of Mesa and from May 1991 to October 1996,
he served as Vice President - Exploration and Production of Mesa. From June 1988
to May 1991, Mr. Fagerstone served as Vice President - Operations of Mesa.

     Mark L. Withrow.  Mr. Withrow,  a graduate of Abilene Christian  University
with a B. S. in  Accounting  and Texas Tech  University  with a Juris  Doctorate
degree,  became  Executive  Vice  President,  General  Counsel and  Secretary of
Pioneer  and  Pioneer USA in August  1997.  He was also  appointed a director of
Pioneer USA in August 1997. Mr. Withrow was Vice President - General  Counsel of
Parker & Parsley from January 1991, when he joined Parker & Parsley,  to January
1995,  when he was appointed  Senior Vice  President - General  Counsel.  He was
Parker &  Parsley's  Secretary  from  August 1992 until  August  1997.  Prior to
joining Parker & Parsley,  Mr. Withrow was the managing  partner of the law firm
of Turpin, Smith, Dyer, Saxe & MacDonald, Midland, Texas.

     Danny  Kellum.  Mr.  Kellum,  who received a Bachelor of Science  degree in
Petroleum  Engineering from Texas Tech University in 1979, was elected Executive
Vice President - Domestic  Operations of Pioneer and Pioneer USA on May 18, 2000
and  Director of Pioneer USA on February 1, 2000.  From  January  2000 until May
2000, Mr. Kellum served as Vice  President - Domestic  Operations of Pioneer and
Pioneer USA. Mr. Kellum served as Vice President Permian Division of Pioneer and
Pioneer USA from April 1998 until December 1999.  From 1989 until 1994 he served
as Spraberry District Manager and as Vice President of the Spraberry and Permian
Division for Parker & Parsley  until August of 1997.  Mr. Kellum joined Parker &
Parsley as an  operations  engineer in 1981 after a brief  career with Mobil Oil
Corporation.

     Rich Dealy. Mr. Dealy is a graduate of Eastern New Mexico University with a
B.B.A. in Accounting and Finance and is a Certified Public Accountant. He became
Vice  President  and Chief  Accounting  Officer of Pioneer  and  Pioneer  USA in
February 1998. Mr. Dealy served as Controller of Pioneer USA from August 1997 to
February  1998.  He served as Controller of Parker & Parsley from August 1995 to
August 1997. Mr. Dealy joined Parker & Parsley as an Accounting Manager in July,

                                       22

<PAGE>



1992. He was previously  employed with KPMG Peat Marwick as an Audit Senior,  in
charge of Parker & Parsley's audit.

ITEM 11.     Executive Compensation

The  Partnership  does not have any  directors  or officers.  Management  of the
Partnership is performed by Pioneer USA, the managing general partner. Under the
Partnership  agreement,  Pioneer USA pays 8% of the  Partnership's  acquisition,
drilling  and  completion  costs  and  20%  of its  operating  and  general  and
administrative  expenses.  In  return,  Pioneer  USA  is  allocated  20%  of the
Partnership's revenues.

EMPL is a co-general  partner of the Partnership.  Under this arrangement,  EMPL
pays 2% of the Partnership's  acquisition,  drilling and completion costs and 5%
of its operating and general and  administrative  expenses.  In return,  EMPL is
allocated 5% of the  Partnership's  revenues.  EMPL does not receive any fees or
reimbursements from the Partnership.

The Partnership does not directly pay any salaries of the executive  officers of
Pioneer USA, but does pay a portion of Pioneer USA's general and  administrative
expenses of which these salaries are a part.

See  Notes 6 and 9 of  Notes  to  Financial  Statements  included  in  "Item  8.
Financial Statements and Supplementary Data" for information  regarding fees and
reimbursements paid to the managing general partner by the Partnership.

ITEM 12.     Security Ownership of Certain Beneficial Owners and Management

(a)    Beneficial owners of more than five percent

The Partnership is not aware of any person who  beneficially  owns 5% or more of
the outstanding  limited partnership  interests of the Partnership.  Pioneer USA
and EMPL respectively own 80% and 20% of the general partners'  interests in the
Partnership. Pioneer USA owned 634 limited partner interests at January 1, 2001.

(b)    Security ownership of management

The Partnership  does not have any officers or directors.  The managing  general
partner  of the  Partnership,  Pioneer  USA,  has the  exclusive  right and full
authority to manage,  control and administer the Partnership's  business.  Under
the limited  partnership  agreement,  limited partners holding a majority of the
outstanding  limited  partnership  interests  have  the  right  to take  certain
actions,  including  the removal of the  managing  general  partner or any other
general  partner.  The  Partnership  is not aware of any current  arrangement or
activity  which may lead to such removal.  The  Partnership  is not aware of any
officer or director of Pioneer USA who  beneficially  owns  limited  partnership
interests in the Partnership.

                                       23

<PAGE>



ITEM 13.     Certain Relationships and Related Transactions

Transactions with the managing general partner

Pursuant to the limited partnership agreement, the Partnership had the following
related party  transactions  with the managing  general partner during the years
ended December 31:
<TABLE>

                                                          2000        1999         1998
                                                       ---------    ---------    ---------
<S>                                                    <C>          <C>          <C>
   Payment of lease operating and supervision
     charges in accordance with standard
     industry operating agreements                     $ 162,023    $ 156,380    $ 150,391

   Reimbursement of general and administrative
     expenses                                          $  22,916    $  13,260    $  11,786
</TABLE>

Under the limited partnership agreement,  the general partners,  Pioneer USA and
EMPL, together pay 10% of the Partnership's acquisition, drilling and completion
costs and 25% of its  operating  and general  and  administrative  expenses.  In
return, they are allocated 25% of the Partnership's revenues.  Twenty percent of
the general  partners'  share of costs and revenues is allocated to EMPL and the
remainder is allocated to Pioneer USA. Certain former  affiliates of Pioneer USA
are limited  partners  of EMPL.  Also,  see Notes 6 and 9 of Notes to  Financial
Statements  included in "Item 8. Financial  Statements and  Supplementary  Data"
regarding the Partnership's  participation  with the managing general partner in
oil and gas activities of the Partnership.

                                       24

<PAGE>



                                     PART IV


ITEM 14.    Exhibits, Financial Statement Schedules and Reports on Form 8-K

  (a)  1.   Financial statements

            The following are filed as part of this Report:

                Independent Auditors' Report

                Balance sheets as of December 31, 2000 and 1999

                Statements of operations for the years ended December 31, 2000,
                  1999 and 1998

                Statements of partners' capital for the years ended December 31,
                  2000, 1999 and 1998

                Statements of cash flows for the years ended December 31, 2000,
                  1999 and 1998

                Notes to financial statements

       2.   Financial statement schedules

            All  financial  statement  schedules  have been omitted  since the
            required  information  is in the  financial  statements  or  notes
            thereto, or is not applicable nor required.

  (b)  Reports on Form 8-K

  None.

  (c)  Exhibits

       The exhibits  listed on the  accompanying  index to exhibits are filed or
       incorporated by reference as part of this Report.


                                       25

<PAGE>



                               S I G N A T U R E S

       Pursuant to the requirements of the Securities  Exchange Act of 1934, the
  Registrant  has duly  caused  this  Report to be  signed on its  behalf by the
  undersigned, thereunto duly authorized.

                                     PARKER & PARSLEY 82-I, LTD.

  Dated: March 23, 2001              By:   Pioneer Natural Resources USA, Inc.
                                             Managing General Partner


                                           By:   /s/ Scott D. Sheffield
                                                 ------------------------------
                                                 Scott D. Sheffield, President

     Pursuant to the  requirements of the Securities  Exchange Act of 1934, this
Report  has  been  signed  below  by the  following  persons  on  behalf  of the
Registrant and in the capacities and on the date indicated.


/s/ Scott D. Sheffield     President of Pioneer USA               March 23, 2001
------------------------
Scott D. Sheffield


/s/ Timothy L. Dove        Executive Vice President, Chief        March 23, 2001
------------------------   Financial Officer and Director of
Timothy L. Dove            Pioneer USA


/s/ Dennis E. Fagerstone   Executive Vice President and           March 23, 2001
------------------------   Director of Pioneer USA
Dennis E. Fagerstone


/s/ Mark L. Withrow        Executive Vice President, General      March 23, 2001
------------------------   Counsel and Director of Pioneer USA
Mark L. Withrow


/s/ Danny Kellum           Executive Vice President - Domestic    March 23, 2001
------------------------   Operations and Director of Pioneer
Danny Kellum               USA


/s/ Rich Dealy             Vice President and Chief Accounting    March 23, 2001
------------------------   Officer of Pioneer USA
Rich Dealy


                                       26

<PAGE>


                           PARKER & PARSLEY 82-I, LTD.

                                INDEX TO EXHIBITS


       The following documents are incorporated by reference in response to Item
14(c):

  Exhibit No.                      Description                           Page

       3.1         Agreement of Limited Partnership of Parker              -
                   & Parsley 82-I, Ltd. incorporated by reference
                   to Exhibit 4(e) of Partnership's Registration
                   Statement on Form S-1 (Registration No.
                   2-75503A), as amended on February 4, 1982,
                   the effective date thereof (hereinafter called,
                   the Partnership's Registration Statement)

       3.2         Amended and Restated Certificate of Limited             -
                   Partnership of Parker & Parsley 82-I, Ltd.
                   incorporated by reference to Exhibit 3.2 of
                   the Partnership's Annual Report on Form 10-K
                   for the year ended December 31, 1983

       4.1         Form of Subscription Agreement and Power                -
                   of Attorney incorporated by reference to
                   Exhibit 4(b) of the Partnership's Registration
                   Statement

       4.2         Specimen Certificate of Limited Partnership             -
                   Interest incorporated by reference to Exhibit
                   4(d) of the Partnership's Registration Statement



                                       27

<PAGE>