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, 2001


                          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)


     5205 N. O'Connor Blvd., Suite 1400, 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, 2001 and
              December 31, 2000.......................................    3

           Statements of Operations for the three and six
             months ended June 30, 2001 and 2000......................    4

           Statement of Partners' Capital for the six months
             ended June 30, 2001......................................    5

           Statements of Cash Flows for the six months
             months ended June 30, 2001 and 2000......................    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...........................   11

           Signatures.................................................   12




                                        2

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

                          Part I. Financial Information

Item 1.      Financial Statements

                                 BALANCE SHEETS
<TABLE>

                                                     June 30,     December 31,
                                                       2001          2000
                                                   -----------    -----------
                                                   (Unaudited)

                       ASSETS
<S>                                                <C>            <C>
Current assets:
  Cash                                             $   171,115    $    57,728
  Accounts receivable - oil and gas sales               87,313        109,719
                                                    ----------     ----------
          Total current assets                         258,428        167,447
                                                    ----------     ----------
Oil and gas properties - at cost, based on the
  successful efforts accounting method               9,901,101      9,901,101
Accumulated depletion                               (9,626,361)    (9,613,644)
                                                    ----------     ----------
          Net oil and gas properties                   274,740        287,457
                                                    ----------     ----------
                                                   $   533,168    $   454,904
                                                    ==========     ==========
LIABILITIES AND PARTNERS' CAPITAL

Current liabilities:
  Accounts payable - affiliate                     $    19,146    $    13,712

Partners' capital:
  General partners                                     181,450        161,365
  Limited partners (4,891 interests)                   332,572        279,827
                                                    ----------     ----------
                                                       514,022        441,192
                                                    ----------     ----------
                                                   $   533,168    $   454,904
                                                    ==========     ==========
</TABLE>


  The financial information included as of June 30, 2001 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

<PAGE>



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

                            STATEMENTS OF OPERATIONS
                                   (Unaudited)


<TABLE>

                                 Three months ended        Six months ended
                                      June 30,                 June 30,
                                ---------------------    ---------------------
                                  2001        2000         2001        2000
                                ---------   ---------    ---------   ---------
<S>                             <C>         <C>          <C>         <C>
Revenues:
  Oil and gas                   $ 205,010   $ 177,445    $ 421,846   $ 349,532
  Interest                          1,178      1,350        2,407        2,323
                                 --------    --------     --------    --------
                                  206,188     178,795      424,253     351,855
                                 --------    --------     --------    --------
Costs and expenses:
  Oil and gas production           99,464      98,002      197,450     183,025
  General and administrative        6,272       5,969       14,448      11,332
  Depletion                         6,849       7,055       12,717      16,112
                                 --------    --------     --------    --------
                                  112,585     111,026      224,615     210,469
                                 --------    --------     --------    --------
Net income                      $  93,603   $  67,769    $ 199,638   $ 141,386
                                 ========    ========     ========    ========
Allocation of net income:
 General partners               $  24,428   $  18,000    $  51,562   $  37,763
                                 ========    ========     ========    ========
 Limited partners               $  69,175   $  49,769    $ 148,076   $ 103,623
                                 ========    ========     ========    ========
Net income per limited
 partnership interest           $   14.15   $   10.18    $   30.28   $   21.19
                                 ========    ========     ========    ========
</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, 2001              $  161,365    $  279,827    $  441,192

    Distributions                          (31,477)      (95,331)     (126,808)

    Net income                              51,562       148,076       199,638
                                         ---------     ---------     ---------

Balance at June 30, 2001                $  181,450    $  332,572    $  514,022
                                         =========     =========     =========

</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,
                                                       ------------------------
                                                          2001          2000
                                                       ----------    ----------
<S>                                                    <C>           <C>
Cash flows from operating activities:
  Net income                                           $  199,638    $  141,386
  Adjustments to reconcile net income to net
     cash provided by operating activities:
        Depletion                                          12,717        16,112
  Changes in assets and liabilities:
     Accounts receivable                                   22,406       (28,544)
     Accounts payable                                       5,434         8,360
                                                        ---------     ---------
           Net cash provided by operating activities      240,195       137,314
                                                        ---------     ---------
Cash flows used in investing activities:
  Additions to oil and gas properties                         -          (1,493)

Cash flows used in financing activities:
  Cash distributions to partners                         (126,808)     (136,929)
                                                        ---------     ---------
Net increase (decrease) in cash                           113,387        (1,108)
Cash at beginning of period                                57,728        61,558
                                                        ---------     ---------
Cash at end of period                                  $  171,115    $   60,450
                                                        =========     =========

</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, 2001
                                   (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 development and production in Texas 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, 2001 and for the three and six months ended June 30,
2001 and 2000 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, 2000  financial  statements to conform to the June 30, 2001
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, 2000, 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,  Suite 1400, 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, 2001 compared with six months ended June 30, 2000

Revenues:

The Partnership's  oil and gas  revenues increased  21% to  $421,846 for the six
months  ended June 30, 2001 as compared to $349,532 for the same period in 2000.
The increase in revenues resulted from higher average prices received, offset by
a slight decrease in production.  For the six months ended June 30, 2001,  9,044
barrels of oil,  2,344 barrels of natural gas liquids ("NGLs") and 27,831 mcf of

                                        7

<PAGE>



gas were sold, or 16,027 barrel of oil equivalents ("BOEs").  For the six months
ended June 30, 2000, 8,863 barrels of oil,  3,292 barrels of NGLs and 23,257 mcf
of gas were sold, or 16,031 BOEs.

The average price received per barrel of oil increased  $.21, or 1%, from $27.45
for the six months  ended June 30,  2000 to $27.66 for the same  period in 2001.
The average  price  received per barrel of NGLs  increased  $3.42,  or 26%, from
$13.16 for the six months  ended June 30,  2000 to $16.58 for the same period in
2001.  The average price received per mcf of gas increased 76% from $2.71 during
the six months  ended June 30,  2000 to $4.77 for the same  period in 2001.  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, 2001.

Costs and Expenses:

Total costs and expenses increased to $224,615 for the six months ended June 30,
2001 as  compared  to  $210,469  for the same  period in 2000,  an  increase  of
$14,146,  or 7%. This increase was attributable to increases in production costs
and  general  and  administrative  expenses  ("G&A"),  offset  by a  decline  in
depletion.

Production  costs  were  $197,450  for the six months  ended  June 30,  2001 and
$183,025  for the same period in 2000  resulting in a $14,425  increase,  or 8%.
This increase was 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
27% from  $11,332 for the six months ended June 30, 2000 to $14,448 for the same
period in 2001  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 and an increase in audit and tax fees.

Depletion  was  $12,717  for the six months  ended June 30,  2001 as compared to
$16,112 for the same period in 2000, a decrease of $3,395, or 21%. This decrease
was primarily due to positive  revisions to proved  reserves on two  significant
wells during the period ended June 30, 2001.

Three months ended June 30, 2001 compared with three months ended June 30, 2000

Revenues:

The Partnership's  oil and gas revenues  increased 16% to $205,010 for the three
months  ended June 30, 2001 as compared to $177,445 for the same period in 2000.
The increase in revenues  resulted from higher average  prices  received for gas
and NGLs and an increase in production,  offset by lower average prices received
for oil. For the three months ended June 30, 2001,  4,582 barrels of oil,  1,488
barrels of NGLs and 14,557 mcf of gas were sold,  or 8,496  BOEs.  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.

                                        8

<PAGE>



The average price received per barrel of oil decreased  $.35, or 1%, from $27.67
for the three  months ended June 30, 2000 to $27.32 for the same period in 2001.
The average  price  received  per barrel of NGLs  increased  $1.05,  or 8%, from
$13.75 during the three months ended June 30, 2000 to $14.80 for the same period
in 2001.  The average  price  received per mcf of gas  increased  27% from $3.13
during  the three  months  ended June 30,  2000 to $3.97 for the same  period in
2001.

Costs and Expenses:

Total costs and  expenses  increased to $112,585 for the three months ended June
30, 2001 as compared  to  $111,026  for the same period in 2000,  an increase of
$1,559,  or 1%. This increase was due to increases in production  costs and G&A,
offset by a decline in depletion.

Production  costs were  $99,464  for the three  months  ended June 30,  2001 and
$98,002 for the same period in 2000 resulting in a $1,462 increase,  or 1%. This
increase was due to higher  production  taxes associated with higher gas and NGL
prices  and  additional  well  maintenance  costs  incurred  to  stimulate  well
production.

During this period, G&A increased 5% from $5,969 for the three months ended June
30,  2000 to  $6,272  for the  same  period  in 2001  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 $6,849 for the three  months  ended June 30,  2000 as compared to
$7,055 for the same period in 2000, a decrease of $206, or 3%. This decrease was
primarily due to positive  revisions to proved reserves on two significant wells
during the period ended June 30, 2000.

Liquidity and Capital Resources

Net Cash Provided by Operating Activities

Net cash  provided by operating  activities  increased  $102,881  during the six
months  ended  June 30,  2001 from the same  period  ended June 30,  2000.  This
increase  was due to an increase of $72,398 in oil and gas sales  receipts and a
reduction of $48,024 in working capital, offset by increases in production costs
of $14,425 and G&A  expenses  of $3,116.  The  increase in oil and gas  receipts
resulted from the increase in commodity prices during 2001 which  contributed an
additional  $61,286  to oil and  gas  receipts  and  $11,112  resulting  from an
increase in production  during 2001 as compared to the same period in 2000.  The
increase in production  costs was primarily due to additional  well  maintenance
costs  incurred to stimulate  well  production  and increased  production  taxes
associated with higher oil and gas prices. The increase in G&A was 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 and an increase in audit and tax fees.

Net Cash Used in Investing Activities

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


                                        9

<PAGE>



Net Cash Used in Financing Activities

For the six months ended June 30, 2001, cash  distributions to the partners were
$126,808,  of which $31,477 was distributed to the general  partners and $95,331
to the  limited  partners.  For the  same  period  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 three  months  ended June 30, 2001,  no  distributions  were made by the
partnership to its partners.  Subsequent to June 30, 2001 the cash  distribution
that  otherwise  would  have been  mailed to  partners  in late June was made to
holders  of  record  as of July 9, 2001 and was  mailed  on July 13,  2001.  For
further information, see "Proposal to acquire partnerships" below.

Proposal to acquire partnerships

On June 29, 2001,  Pioneer Natural Resources Company  ("Pioneer") filed with the
Securities and Exchange Commission  Amendment No. 1 to the Form S-4 Registration
Statement (File No. 333-59094) (the "preliminary  proxy  statement/prospectus"),
which  proposes an agreement and plan of merger among Pioneer,  Pioneer  Natural
Resources USA, Inc. ("Pioneer USA"), a wholly-owned  subsidiary of Pioneer,  and
46 Parker & Parsley limited  partnerships.  Each  partnership  that approves the
agreement and plan of merger and the other related  merger  proposals will merge
with and into Pioneer USA upon the closing of the transactions  described in the
preliminary proxy  statement/prospectus,  and the partnership  interests of each
such  partnership  will be converted  into the right to receive  Pioneer  common
stock.  The Partnership is one of the 46 Parker & Parsley  limited  partnerships
that will be asked to approve the agreement and plan of merger.  The preliminary
proxy statement/prospectus is non-binding and is subject to, among other things,
consideration  of offers from third parties to purchase any  partnership  or its
assets and the majority  approval of the limited  partnership  interests in each
partnership.

Pioneer USA will solicit  proxies  from limited  partners to approve the mergers
only when the proxy  statement/prospectus  is final and declared  effective.  No
solicitation will be made using preliminary  materials.  Nonetheless,  copies of
the preliminary proxy  statement/prospectus  may be obtained without charge upon
request from Pioneer Natural Resources Company, 5205 North O'Connor Blvd., Suite
1400, Irving, Texas 75039, Attention: Investor Relations.

The limited partners are urged to read the proxy statement/prospectus of Pioneer
filed with the Securities and Exchange Commission, when it is finalized, because
it  contains  important  information  about  the  proposed  mergers,   including
information  about the direct and indirect  interests of Pioneer USA and Pioneer
in the mergers.  The limited  partners may also obtain the preliminary and (when
filed) final proxy statement/prospectus and other relevant documents relating to
the proposed  mergers free through the internet web site that the Securities and
Exchange Commission maintains at www.sec.gov.

---------------
(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.

                                       10

<PAGE>



                           Part II. Other Information

Item 6.     Exhibits and Reports on Form 8-K

(a)    Exhibits - none

(b)    Reports on Form 8-K - none


                                       11

<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 6, 2001              By:      /s/ Rich Dealy
                                           -----------------------------------
                                           Rich Dealy, Vice President and
                                           Chief Accounting Officer




                                       12

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