SECURITIES AND EXCHANGE COMMISSION
                             Washington, D. C. 20549
                                      ____
                           --------------------------

                                   FORM 10-QSB


              [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
                          OF THE SECURITIES ACT OF 1934

                  For the quarterly period ended June 30, 2002

                                       OR

     [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
                              EXCHANGE ACT OF 1934


                         Commission file number 0-30472

                               PIONEER OIL AND GAS
             Incorporated pursuant to the Laws of the State of Utah



        Internal Revenue Service - Employer Identification No. 87-0365907

                      1206 W. South Jordan Parkway, Unit B
                          South Jordan, Utah 84095-5512



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 ___


The total number of shares of the registrant's Common Stock, $.001 par value,
outstanding on June 30, 2002, was 7,986,618.




<PAGE>



















                          Part I. FINANCIAL INFORMATION

           Item 1. Financial Statements for Third Fiscal Quarter 2002
                           Period Ending June 30, 2002


























<PAGE>
<TABLE>
<CAPTION>



               Financial Statements for Third Fiscal Quarter 2002
                           Period Ending June 30, 2002

                               PIONEER OIL AND GAS
                                  Balance Sheet


                               As of June 30, 2002
                                   (Unaudited)
       Assets

Current assets:
<S>                                                                          <C>
       Cash                                                                  $    79,211
       Accounts receivable                                                       148,446
       Resale leases, at lower of cost or market                                 503,190
                                                                             -----------

                  Total current assets                                           730,847

Property and equipment - net (successful efforts method)                         818,619
Other assets                                                                       4,050
                                                                             -----------

                                                                             $ 1,553,516
----------------------------------------------------------------------------------------

       Liabilities and Stockholders' Equity (Deficit)

Current liabilities:
       Accounts payable                                                      $    56,811
       Accrued expenses                                                           26,504
       Note payable                                                              529,157
                                                                             -----------

                  Total current liabilities                                      612,472
                                                                             -----------

Commitments and contingencies                                                          -

Stockholders' equity (deficit):
       Common stock, par value $.001 per share, authorized
         50,000,000 shares: 7,986,618  shares outstanding                          7,961
       Additional paid-in capital                                              2,495,292
       Stock subscription receivable                                            (264,095)
       Accumulated deficit                                                    (1,250,121)
       Year to date income (loss)                                                (47,993)
                                                                             -----------


                  Total stockholder's equity (deficit)                           941,044
                                                                             -----------

                                                                             $ 1,553,516

</TABLE>


<PAGE>
<TABLE>
<CAPTION>



                               PIONEER OIL AND GAS
                             Statement of Operations

                    Three Months Ended June 30, 2002 and 2001
                                   (unaudited)


                                                                                    2002             2001
                                                                                    ----             ----
Revenue:
<S>                                                                          <C>              <C>
       Oil and gas sales                                                     $   182,692      $   254,693
       Royalty Revenue                                                            21,193           71,145
       Operational reimbursements                                                      -                -
       Project and lease sales income                                                  -                -
                                                                             -----------      -----------


                                                                                 209,885          325,838
                                                                             -----------      -----------

Costs and expenses:
       Cost of operations                                                         75,935          176,313
       General and administrative expenses                                        77,021           68,479
       Exploration costs                                                          44,923           43,175
       Lease rentals                                                                 475               92
       Depreciation, depletion and amortization                                   26,059           30,392
                                                                             -----------      -----------

                                                                                 224,413          318,451
                                                                             -----------      -----------

                  Income (loss) from operations                                  (14,528)            7387

Other income (expense):
         Gain (loss) on assets sold or abandoned                                       -
-
       Gain on marketable securities                                                   -              285
       Interest expense                                                           (7,486)          (1,858)
       Other (expense) income                                                      1,073            2,262
                                                                             -----------      -----------

                  Income (loss) before provision
                  for income taxes                                               (20,941)           8,076

       Provision for income taxes                                                      -                -
                                                                             -----------      -----------


                  Net income (loss)                                          $   (20,941)     $     8,076
                                                                             -----------      -----------

Earnings per share - basic and diluted                                       $         -      $         -
                                                                             -----------      -----------

Weighted average common shares - basic and diluted                             7,987,000        8,065,000
                                                                             -----------      -----------

</TABLE>



<PAGE>
<TABLE>
<CAPTION>



                               PIONEER OIL AND GAS
                             Statement of Operations

                  For Nine Months Ended June 30, 2002 and 2001
                                   (unaudited)


                                                                                    2002             2001
                                                                                    ----             ----
<S>                                                                          <C>              <C>
Revenue:
       Oil and gas sales                                                     $  475,244       $   782,115
       Royalty Revenue                                                           217,893          192,935
       Operational reimbursements                                                 10,096              500
       Project and lease sales income                                                  -          105,595
                                                                             -----------      -----------

                                                                                 703,233        1,081,145

Costs and expenses:
       Cost of operations                                                        250,751          519,199
       General and administrative expenses                                       239,826          222,265
       Exploration costs                                                         133,477          136,362
       Lease rentals                                                              28,794            7,253
       Depreciation, depletion and amortization                                   78,079           90,686
                                                                             -----------      -----------

                                                                                 730,927          975,765
                                                                             -----------      -----------

                  Income (loss) from operations                                  (27,694)         105,380
                                                                             -----------      -----------

Other income (expense):
Gain (loss) on assets sold
or abandoned                                                                     (11,735)            (714)
       Interest expense                                                          (17,546)          (1,858)
       Other (expense) income                                                     19,078           16,917
                                                                             -----------      -----------

                  Income (loss) before provision
                  for income taxes                                               (47,993)         119,725

                  Provision for income taxes                                           -                -
                                                                             -----------      -----------

                  Net income (loss)                                          $   (47,993)     $   119,725
                                                                             -----------      -----------


Earnings per share - basic and diluted                                       $      (.01)     $       .01
                                                                             -----------      -----------

Weighted average common shares - basic and diluted                             7,987,000        8,073,000
                                                                             -----------      -----------

</TABLE>


<PAGE>
<TABLE>
<CAPTION>



                               PIONEER OIL AND GAS
                             Statement of Cash Flows
                For The Nine Months Ended June 30, 2002 and 2001
                                   (unaudited)

                                                                                    2002             2001
                                                                                    ----             ----
<S>                                                                          <C>              <C>
Cash flows from operating activities:
       Net income                                                            $   (47,993)     $   119,725
       Adjustments to reconcile net income to net cash
         (used in) provided by operating activities:
           Gain on assets sold or abandoned                                            -              714
           Depreciation, depletion and amortization                               78,079           90,686
           Employee benefit plan expense                                          13,799            5,570
           Interest income                                                        (8,094)               -
           (Increase) decrease in:
               Accounts receivable                                               (41,055)          27,863
               Resale leases                                                    (104,162)        (243,402)
               Other assets                                                       (2,050)               -
           Increase (decrease) in:
               Accounts payable                                                  (64,985)         (47,992)
               Accrued expenses                                                   (2,369)          (1,098)
                                                                             -----------      -----------

                  Net cash (used in) provided by
                  operating activities                                          (178,830)         (47,934)
                                                                             -----------      -----------

Cash flows from investing activities:
       Acquisition of property and equipment                                    (177,059)        (135,122)
                                                                             -----------      -----------

                  Net cash used in investing activities                         (177,059)        (135,122)
                                                                             -----------      -----------

Cash flow from financing activities:
       Increase in Credit Line                                                   434,157           95,000
       Purchase and retirement of treasury stock                                  (2,620)         (23,331)
                                                                             -----------      -----------

                  Net cash provided by (used in)
                  financing activities                                           431,537           71,669
                                                                             -----------      -----------

                  Net increase (decrease) in cash                                 75,648         (111,387)

Cash, beginning of period                                                    $     3,563      $   246,681
                                                                             -----------      -----------
Cash, end of period                                                          $    79,211      $   135,294
                                                                             -----------      -----------
</TABLE>

<PAGE>







                               PIONEER OIL AND GAS
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                    Third Fiscal Quarter Ending June 30, 2002
                                   (Unaudited)

NOTE 1 - UNAUDITED INTERIM INFORMATION

The accompanying  unaudited consolidated financial statements have been prepared
in  accordance  with  generally  accepted  accounting   principles  for  interim
financial  information  and with the  instructions to Form 10-QSB and Regulation
S-B.  Accordingly,  they do not include  all of the  information  and  footnotes
required by generally  accepted  accounting  principles  for complete  financial
statements. In the opinion of management,  all adjustments (consisting of normal
recurring  accruals)  considered  necessary  for a fair  presentation  have been
included.  Operating  results for the three-month and nine-month  periods ending
June 30, 2002 are not necessarily indicative of the results that may be expected
for the year ending  September 30, 2002. For further  information,  refer to the
financial statements and footnotes thereto included in the Company's Form 10-KSB
for the year ended September 30, 2001.

     (1) The unaudited financial  statements include the accounts of Pioneer Oil
and Gas and include all adjustments (consisting of normal recurring items) which
are, in the opinion of  management,  necessary to present  fairly the  financial
position as of June 30, 2002 and the  results of  operations  and cash flows for
the three-month and nine-month periods ended June 30, 2002 and 2001. The results
of operations for the three-month and nine-month periods ended June 30, 2002 are
not necessarily indicative of the result to be expected for the entire year.

     (2) Loss per common share is based on the weighted average number of shares
outstanding during the period.

     (3) During  the nine  months  ended June 30,  2002,  the  company  recorded
interest income (on the stock  subscription  receivable) of $8,094,  reduced the
stock  subscription  receivable by $5,705 and recorded an employee  benefit plan
contribution of $13,799.

<PAGE>



Item 2 MANAGEMENT'S  DISCUSSION AND ANALYSIS OF FINANCIAL  CONDITION AND RESULTS
OF OPERATIONS
                           (Period Ending June, 2002)
                            Unaudited financial data

The discussion and analysis  contained herein should be read in conjunction with
the  preceding  financial  statements  and  the  information  contained  in  the
Company's 10KSB.  Except for the historical  information  contained herein,  the
matters  discussed in this 10 QSB contain forward looking  statements within the
meaning of Section 27a of the  Securities  Act of 1933, as amended,  and Section
21e of the  Securities  Exchange  Act of 1934,  as  amended,  that are  based on
management's  beliefs and  assumptions,  current  expectations,  estimates,  and
projections.  Statements  that  are  not  historical  facts,  including  without
limitation  statements  which are preceded by,  followed by or include the words
"believes,"  "anticipates,"  "plans,"  "expects,"  "may,"  "should,"  or similar
expressions  are  forward-looking  statements.  Many of the  factors  that  will
determine the company's  future results are beyond the ability of the Company to
control or predict. These statements are subject to risks and uncertainties and,
therefore, actual results may differ materially. All subsequent written and oral
forward-looking statements attributable to the Company, or persons acting on its
behalf,   are  expressed   qualified  in  their  entirety  by  these  cautionary
statements.  The Company disclaims any obligation to update any  forward-looking
statements whether as a result of new information, future events or otherwise.

Important  factors  that may  include,  but are not  limited  to:  the risk of a
significant  natural  disaster,  the inability of the Company to insure  against
certain risks, fluctuations in commodity prices, the inherent limitations in the
ability to estimate oil and gas reserves,  changing government  regulations,  as
well as general  market  conditions,  competition  and pricing,  and other risks
detailed  from time to time in the  Company's  SEC reports,  copies of which are
available upon request from the Company.

   Results of Operations -

     Total  Revenue  for the third  fiscal  quarter  decreased  36 percent  from
$325,838 in fiscal 2001 to $209,885 in fiscal 2002.  For the  nine-month  period
revenues  decreased 35 percent  from  $1,081,145  to  $703,233.  The decrease in
revenue for the nine-month period was due to a decrease in oil and gas sales and
royalty revenue of 29 percent and no project and lease sales income. The Company
is  currently  marketing  a 37,000 acre  overpressured  gas project in the Uinta
Basin of Utah.

     Total oil and gas sales (including royalty revenue) decreased from $325,838
to  $209,885  in the  third  quarter  and  from  $975,050  to  $693,137  for the
nine-month period. These decreases were due primarily to down time on our Climax
7-2  property  and lower  natural  gas  prices  (During  July 2002 an  extensive
workover in which most of the  wellhead  production  equipment  was replaced has
restored the Climax 7-2 to historical production levels). Average oil prices for
the quarter  decreased from $22.85 bbl to $22.08 bbl while gas prices  decreased
from $3.78 MCF to $2.24  MCF.  For the  nine-month  period,  average  oil prices
decreased from $24.59 bbl to $19.25 bbl while gas prices decreased from $4.88 to
$3.11.  Gas  production for the  nine-month  period  decreased by 14 percent due
primarily  to downtime on our Pilot A property.  We were finally able to restore
production  on the Pilot A to  historical  levels in June 2002.  Oil  production
declined  14 percent  for the quarter  due to natural  production  declines  and
downtime  due to  operational  problems  on our  Climax  7-2  property.  For the
nine-month  period oil  production  increased  one  percent  because of improved
production on our Sheldon Dome  property  which offset for the nine month period
the 3rd quarter Climax 7-2 problems.

<PAGE>


     Project and lease sales income for the  nine-month  period  decreased  from
$105,595 in 2001 to 0 in 2002.  No projects or leases were sold during the third
quarter of either  fiscal  2001 or fiscal  2002.  The company is  continuing  to
market several projects including our Uinta Basin  overpressured gas project but
none of them were sold during the quarter or nine month periods of fiscal 2002.

Costs of  operations  decreased  from  $176,313  to $75,935  for the quarter and
decreased  from  $519,199 to $250,751 for the  nine-month  period  primarily due
lower payments to working interest partners due to lower product prices.

General and  administrative  expenses  increased from $68,479 to $77,021 for the
quarter and from $222,265 to $239,826 for the nine-month period.

The Company's net loss for the third quarter (fiscal 2002) was $20,941  compared
to net income of $8,076 for the third fiscal  quarter 2001.  For the  nine-month
period  (fiscal 2002) the Company  posted a net loss of $47,993  compared to net
income of $119,725 for fiscal 2001.

Liquidity and Capital Resources

During the  nine-months  of fiscal 2002 cash used in  operating  activities  was
$178,830  and  investing  activities  required  $177,059.  Financing  activities
provided $431,537 in cash.

A major use of cash was $104,162  for the purchase of resale  leases to increase
the Company's inventory of acreage for future development and sale. Cash used in
operating  activities  increased from $47,934 (fiscal 2001) to $178,830  (fiscal
2002).


                           PART II. OTHER INFORMATION

Item 1 - Legal Proceedings

The  Company  may become or is subject to  investigations,  claims,  or lawsuits
ensuing  out  of the  conduct  of  its  business,  including  those  related  to
environmental  safety and health,  commercial  transactions  etc. The Company is
currently not aware of any such items,  which it believes  could have a material
adverse affect on its financial position.

<PAGE>


Item 2 - Changes in Securities

         None.

Item 3 - Defaults Upon Senior Securities

         None.

Item 4 - Submission of Matters to a Vote of Security Holders

         None.

Item 5 - Other Information

         None.

Item 6 - Exhibits and Reports on Form 8-K

         (a)  There are no exhibits with this report.

         (b) The registrant did not file any reports on Form 8-K during the
fiscal quarter ended June 30, 2002.


                                   SIGNATURES

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.


                               Pioneer Oil and Gas




Dated:   August 12, 2002               /s/ Don J. Colton
                                     -----------------------
                                   President and Chief Executive Officer


<PAGE>









                            CERTIFICATION PURSUANT TO
                             18 U.S.C. SECTION 1350,
                             AS ADOPTED PURSUANT TO
                  SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In  connection  with the filing of the  Quarterly  Report of Pioneer Oil and Gas
(the  "Company")  on Form  10-QSB  for the  period  ended  June  30,  2002  (the
"Report"),  I, Don J. Colton,  Chief Executive Officer of the Company,  certify,
pursuant  to 18  U.S.C.  ss.  1350,  as  adopted  pursuant  to  ss.  906  of the
Sarbanes-Oxley Act of 2002, that:

     (i) The Report fully complies with the requirements of section 13(a) of the
Securities Exchange Act of 1934; and

     (ii) The  information  contained  in the  Report  fairly  presents,  in all
material  respects,  the  financial  condition  and results of operations of the
Company.

/s/ Don J. Colton
-------------------------
Don J. Colton
Chief Executive Officer
August 12, 2002