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


                                    FORM 10-Q

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

                  For the quarterly period ended June 30, 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


                                 Not applicable

              (Former name, former address and former fiscal year,
                          if changed since last report)

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 / /


<PAGE>



                           PARKER & PARSLEY 82-I, LTD.

                                TABLE OF CONTENTS


                                                                       Page

                          Part I. Financial Information

Item 1.    Financial Statements

           Balance Sheets as of June 30, 2000 and
              December 31, 1999......................................    3

           Statements of Operations for the three and six
             months ended June 30, 2000 and 1999.....................    4

           Statement of Partners' Capital for the six months
             ended June 30, 2000.....................................    5

           Statements of Cash Flows for the six months
             months ended June 30, 2000 and 1999.....................    6

           Notes to Financial Statements.............................    7

Item 2.    Management's Discussion and Analysis of Financial
             Condition and Results of Operations.....................    7


                           Part II. Other Information

Item 6.    Exhibits and Reports on Form 8-K..........................   10

           27.1  Financial Data Schedule

           Signatures................................................   11


                                        2


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

                          Part I. Financial Information

Item 1.      Financial Statements
<TABLE>
                                 BALANCE SHEETS

                                                     June 30,     December 31,
                                                       2000           1999
                                                   -----------    -----------
                                                   (Unaudited)
                       ASSETS
<S>                                                <C>            <C>
Current assets:
     Cash                                          $    60,450    $    61,558
     Accounts receivable - oil and gas sales            90,077         61,533
                                                    ----------     ----------
          Total current assets                         150,527        123,091
                                                    ----------     ----------
Oil and gas properties - at cost, based on the
  successful efforts accounting method               9,891,013      9,889,520
Accumulated depletion                               (9,603,616)    (9,587,504)
                                                    ----------     ----------
          Net oil and gas properties                   287,397        302,016
                                                    ----------     ----------
                                                   $   437,924    $   425,107
                                                    ==========     ==========
LIABILITIES AND PARTNERS' CAPITAL

Current liabilities:
  Accounts payable - affiliate                     $    21,674    $    13,314

Partners' capital:
  General partners                                     155,364        151,802
  Limited partners (4,891 interests)                   260,886        259,991
                                                    ----------     ----------
                                                       416,250        411,793
                                                    ----------     ----------
                                                   $   437,924    $   425,107
                                                    ==========     ==========
</TABLE>




  The financial information included as of June 30, 2000 has been prepared by
  the managing general partner without audit by independent public accountants.

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

                                        3


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

                            STATEMENTS OF OPERATIONS
                                   (Unaudited)


<TABLE>
                                  Three months ended       Six months ended
                                       June 30,                June 30,
                                 ---------------------   ---------------------
                                   2000        1999        2000        1999
                                 ---------   ---------   ---------   ---------
<S>                              <C>         <C>         <C>         <C>
Revenues:
  Oil and gas                    $ 177,445   $ 101,099   $ 349,532   $ 186,502
  Interest                           1,350         529       2,323       1,037
                                  --------    --------    --------    --------
                                   178,795     101,628     351,855     187,539
                                  --------    --------    --------    --------
Costs and expenses:
  Oil and gas production            98,002      75,833     183,025     150,511
  General and administrative         5,969       3,538      11,332       6,851
  Depletion                          7,055       7,995      16,112      81,449
                                  --------    --------    --------    --------
                                   111,026      87,366     210,469     238,811
                                  --------    --------    --------    --------
Net income (loss)                $  67,769   $  14,262   $ 141,386   $ (51,272)
                                  ========    ========    ========    ========
Allocation of net income (loss):
 General partners                $  18,000   $   4,765   $  37,763   $    (601)
                                  ========    ========    ========    ========
 Limited partners                $  49,769   $   9,497   $ 103,623   $ (50,671)
                                  ========    ========    ========    ========
Net income (loss) per limited
 partnership interest            $   10.18   $    1.94   $   21.19   $  (10.36)
                                  ========    ========    ========    ========

</TABLE>

         The financial information included herein has been prepared by
  the managing general partner without audit by independent public accountants.

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

                                        4


<PAGE>



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

                         STATEMENT OF PARTNERS' CAPITAL
                                   (Unaudited)



<TABLE>

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

<S>                                   <C>           <C>           <C>
Balance at January 1, 2000            $ 151,802     $ 259,991     $ 411,793

    Distributions                       (34,201)     (102,728)     (136,929)

    Net income                           37,763       103,623       141,386
                                       --------      --------      --------

Balance at June 30, 2000              $ 155,364     $ 260,886     $ 416,250
                                       ========      ========      ========

</TABLE>


         The financial information included herein has been prepared by
  the managing general partner without audit by independent public accountants.

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

                                        5


<PAGE>



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

                            STATEMENTS OF CASH FLOWS
                                   (Unaudited)


<TABLE>
                                                          Six months ended
                                                              June 30,
                                                       ----------------------
                                                          2000        1999
                                                       ---------    ---------
<S>                                                    <C>          <C>
Cash flows from operating activities:
  Net income (loss)                                    $ 141,386    $ (51,272)
  Adjustments to reconcile net income (loss) to
     net cash provided by operating activities:
        Depletion                                         16,112       81,449
  Changes in assets and liabilities:
     Accounts receivable                                 (28,544)     (17,082)
     Accounts payable                                      8,360        5,680
                                                        --------     --------
           Net cash provided by operating
              activities                                 137,314       18,775
                                                        --------     --------
Cash flows from investing activities:
  Additions to oil and gas properties                     (1,493)         -
  Proceeds from asset dispositions                           -            695
                                                        --------     --------
           Net cash provided by (used in)
              investing activities                        (1,493)         695
                                                        --------     --------
Cash flows used in financing activities:
  Cash distributions to partners                        (136,929)     (17,974)
                                                        --------     --------
Net increase (decrease) in cash                           (1,108)       1,496
Cash at beginning of period                               61,558       44,427
                                                        --------     --------
Cash at end of period                                  $  60,450    $  45,923
                                                        ========     ========
</TABLE>



         The financial information included herein has been prepared by
  the managing general partner without audit by independent public accountants.

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

                                        6


<PAGE>



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

                          NOTES TO FINANCIAL STATEMENTS
                                  June 30, 2000
                                   (Unaudited)

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  engages in oil and gas exploration,  development and production
in Texas and New Mexico and is not involved in any industry  segment  other than
oil and gas.

Note 2.     Basis of presentation

In  the  opinion  of  management,  the  unaudited  financial  statements  of the
Partnership  as of June 30, 2000 and for the three and six months ended June 30,
2000 and 1999 include all  adjustments  and accruals  consisting  only of normal
recurring accrual adjustments which are necessary for a fair presentation of the
results for the  interim  period.  These  interim  results  are not  necessarily
indicative of results for a full year. Certain  reclassifications  may have been
made to the June 30, 1999  financial  statements to conform to the June 30, 2000
financial statement presentations.

Certain  information  and footnote  disclosures  normally  included in financial
statements prepared in accordance with generally accepted accounting  principles
have been  condensed  or  omitted  in this Form 10-Q  pursuant  to the rules and
regulations of the Securities and Exchange Commission.  The financial statements
should  be read in  conjunction  with the  financial  statements  and the  notes
thereto  contained in the  Partnership's  Report on Form 10-K for the year ended
December 31, 1999, as filed with the Securities and Exchange Commission,  a copy
of which is available upon request by writing to Rich Dealy,  Vice President and
Chief Accounting Officer,  5205 North O'Connor  Boulevard,  1400 Williams Square
West, Irving, Texas 75039-3746.

Item 2.     Management's Discussion and Analysis of Financial Condition
              and Results of Operations (1)

Results of Operations

Six months ended June 30, 2000 compared with six months ended

  June 30, 1999

Revenues:

The  Partnership's  oil and gas revenues  increased  87% to $349,532 for the six
months  ended June 30, 2000 as compared to $186,502 for the same period in 1999.
The increase in revenues resulted from higher average prices received, offset by
a decrease in production.  For the six months ended June 30, 2000, 8,863 barrels
of oil, 3,292 barrels of natural gas liquids ("NGLs") and 23,257 mcf of gas were

                                        7


<PAGE>



sold, or 16,031  barrel of oil  equivalents  ("BOEs").  For the six months ended
June 30, 1999, 9,297 barrels of oil, 3,592 barrels of NGLs and 24,947 mcf of gas
were sold, or 17,047 BOEs.

The average price  received per barrel of oil increased  $14.54,  or 113%,  from
$12.91 for the six months  ended June 30,  1999 to $27.45 for the same period in
2000.  The average price received per barrel of NGLs  increased  $6.17,  or 88%,
from $6.99 for the six months  ended June 30, 1999 to $13.16 for the same period
in 2000.  The average  price  received per mcf of gas  increased  63% from $1.66
during the six months  ended June 30, 1999 to $2.71 for the same period 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  during the six
months ended June 30, 2000.

The volatility of commodity prices has had, and continues to have, a significant
impact on the Partnership's revenues and operating cash flow and could result in
additional  decreases to the  carrying  value of the  Partnership's  oil and gas
properties.

Costs and Expenses:

Total costs and expenses decreased to $210,469 for the six months ended June 30,
2000 as compared to $238,811 for the same period in 1999, a decrease of $28,342,
or 12%. This decrease was attributable to a decline in depletion  costs,  offset
by  increases  in  production  costs and  general  and  administrative  expenses
("G&A").

Production  costs  were  $183,025  for the six months  ended  June 30,  2000 and
$150,511 for the same period in 1999  resulting in a $32,514  increase,  or 22%.
This increase was due to additional well maintenance costs incurred to stimulate
well production and higher production taxes due to 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, in aggregate,  65% from $6,851 for the six months ended June 30, 1999
to $11,332 for the same period in 2000  primarily due to a higher  allocation 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.

Depletion was $16,112 for the six months ended June 30, 2000 compared to $81,449
for the same period in 1999, a decrease of $65,337,  or 80%.  This  decrease was
the result of an increase in proved  reserves  during the period  ended June 30,
2000 due to higher  commodity  prices  and a decline  in oil  production  of 434
barrels for the six months  ended June 30,  2000  compared to the same period in
1999.

                                        8


<PAGE>




Three months ended June 30, 2000 compared with three months ended June 30, 1999

Revenues:

The Partnership's  oil and gas revenues  increased 76% to $177,445 for the three
months  ended June 30, 2000 as compared to $101,099 for the same period in 1999.
The increase in revenues resulted from higher average prices received, offset by
a decrease  in  production.  For the three  months  ended June 30,  2000,  4,430
barrels of oil,  1,482 barrels of NGLs and 11,022 mcf of gas were sold, or 7,749
BOEs.  For the three  months ended June 30, 1999,  4,285  barrels of oil,  1,840
barrels of NGLs and 12,774 mcf of gas were sold, or 8,254 BOEs.

The average  price  received per barrel of oil  increased  $13.46,  or 95%, from
$14.21 for the three months ended June 30, 1999 to $27.67 for the same period in
2000.  The average price received per barrel of NGLs  increased  $4.85,  or 54%,
from $8.90  during the three  months  ended June 30, 1999 to $13.75 for the same
period in 2000.  The average  price  received per mcf of gas  increased 67% from
$1.87  during the three  months ended June 30, 1999 to $3.13 for the same period
in 2000.

Costs and Expenses:

Total costs and  expenses  increased to $111,026 for the three months ended June
30, 2000 as  compared  to $87,366  for the same  period in 1999,  an increase of
$23,660, or 27%. This increase was due to increases in production costs and G&A,
offset by a decline in depletion.

Production  costs were  $98,002  for the three  months  ended June 30,  2000 and
$75,833 for the same period in 1999  resulting  in a $22,169  increase,  or 29%.
This increase was due to additional well maintenance costs incurred to stimulate
well production and higher production taxes due to higher oil and gas prices.

During this period, G&A increased,  in aggregate,  69% from $3,538 for the three
months ended June 30, 1999 to $5,969 for the same period in 2000  primarily  due
to a higher  allocation 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.

Depletion was $7,055 for the three months ended June 30, 2000 compared to $7,995
for the same  period in 1999,  a decrease of $940,  or 12%.  This  decrease  was
attributable  to an increase in proved reserves during the period ended June 30,
1999 as a result of  higher  commodity  prices,  offset  by an  increase  in oil
production  of 145 barrels for the three months ended June 30, 2000  compared to
the same period in 1999.

Liquidity and Capital Resources

Net Cash Provided by Operating Activities

Net cash  provided by operating  activities  increased  $118,539  during the six
months  ended  June 30,  2000 from the same  period  ended June 30,  1999.  This

                                        9


<PAGE>


increase  was due to an  increase  in oil and gas sales  receipts  of  $152,854,
offset by increases in operating  costs paid of $28,481 and G&A expenses paid of
$5,834.

Net Cash Provided by (Used in) Investing Activities

The  Partnership's  principle  investing  activities during the six months ended
June 30,  2000 were  related  to  upgrades  of oil and gas  equipment  on active
properties.

Proceeds from asset  dispositions  of $695 were  received  during the six months
ended  June 30,  1999  primarily  from  equipment  credits  received  on  active
properties.

Net Cash Used in Financing Activities

For the six months ended June 30, 2000, cash  distributions to the partners were
$136,929,  of which $34,201 was distributed to the general partners and $102,728
to the  limited  partners.  For the  same  period  ended  June  30,  1999,  cash
distributions  to the partners were $17,974,  of which $4,392 was distributed to
the general partners and $13,582 to the limited partners.

---------------

(1)   "Item 2. Management's  Discussion and Analysis of Financial  Condition and
      Results of Operations"  contains  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.

                           Part II. Other Information

Item 6.     Exhibits and Reports on Form 8-K

(a)    Exhibits

       27.1   Financial Data Schedule

(b)    Reports on Form 8-K - none

                                       10


<PAGE>


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



                               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.

                                By:    Pioneer Natural Resources USA, Inc.
                                        Managing General Partner





Dated:  August 11, 2000         By:      /s/ Rich Dealy
                                       --------------------------------
                                       Rich Dealy, Vice President and
                                       Chief Accounting Officer

                                       11


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