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


                                    FORM 10-Q

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

                For the quarterly period ended September 30, 1997

                                       or

 /   /          Transition Report Pursuant to Section 13 or 15(d)
                     of the Securities Exchange Act of 1934
                For the transition period from _______ to _______

                         Commission File No. 33-19133-A


                PARKER & PARSLEY PRODUCING PROPERTIES 88-A, L.P.
             (Exact name of Registrant as specified in its charter)

               Delaware                                      75-2225758
   (State or other jurisdiction of                        (I.R.S. Employer
    incorporation or organization)                     Identification Number)

303 West Wall, Suite 101, Midland, Texas                        79701
(Address of principal executive offices)                      (Zip code)


       Registrant's Telephone Number, including area code : (915) 683-4768

                                 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 1 of 11 pages.
                            Exhibit index on page 10.


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                PARKER & PARSLEY PRODUCING PROPERTIES 88-A, L.P.

                                TABLE OF CONTENTS


                                                                          Page
                          Part I. Financial Information

Item 1.    Financial Statements

           Balance Sheets as of September 30, 1997 and
              December 31, 1996   ......................................    3

           Statements of Operations for the three and nine
             months ended September 30, 1997 and 1996...................    4

           Statement of Partners' Capital for the nine months
             ended September 30, 1997...................................    5

           Statements of Cash Flows for the nine months ended
             September 30, 1997 and 1996................................    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.   Financial Data Schedule

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




                                        2

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                PARKER & PARSLEY PRODUCING PROPERTIES 88-A, L.P.
                        (A Delaware Limited Partnership)

                          Part I. Financial Information


Item 1.   Financial Statements


                                 BALANCE SHEETS


                                                   September 30,   December 31,
                                                       1997           1996
                                                   ------------    -----------
                                                    (Unaudited)
                 ASSETS

Current assets:
   Cash and cash equivalents, including interest
     bearing deposits of $375,386 at September 30
     and $430,432 at December 31                   $    375,586    $   430,500
   Accounts receivable - affiliate                       87,800        150,093
                                                    -----------     ----------
           Total current assets                         463,386        580,593
                                                    -----------     ----------
Oil and gas properties - at cost, based on the
   successful efforts accounting method               4,845,828      4,842,343
Accumulated depletion                                (3,048,862)    (2,931,081)
                                                    -----------     ----------
           Net oil and gas properties                 1,796,966      1,911,262
                                                    -----------     ----------
                                                   $  2,260,352    $ 2,491,855
                                                    ===========     ==========

            PARTNERS' CAPITAL

Partners' capital:
   Managing general partner                        $     22,256   $    24,280
   Limited partners (11,222 interests)                2,238,096     2,467,575
                                                    -----------     ---------
                                                   $  2,260,352   $ 2,491,855
                                                    ===========    ==========




The financial information included as of September 30, 1997 has been prepared by
           management without audit by independent public accountants.

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

                                        3

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                PARKER & PARSLEY PRODUCING PROPERTIES 88-A, L.P.
                        (A Delaware Limited Partnership)

                            STATEMENTS OF OPERATIONS
                                   (Unaudited)



                                  Three months ended       Nine months ended
                                    September 30,            September 30,
                                ---------------------    ---------------------
                                   1997        1996         1997        1996
                                ---------   ---------    ---------   ---------
Revenues:
   Oil and gas                  $ 175,612   $ 224,719    $ 599,800   $ 650,538
   Interest                         4,735       4,946       14,543      14,385
                                 --------    --------     --------    --------
                                  180,347     229,665      614,343     664,923
                                 --------    --------     --------    --------
Costs and expenses:
   Oil and gas production          86,285      93,844      251,285     262,819
   General and administrative       5,268       6,741       17,994      19,516
   Depletion                       36,548      32,231      117,781     110,467
                                 --------    --------     --------    --------
                                  128,101     132,816      387,060     392,802
                                 --------    --------     --------    --------
Net income                      $  52,246   $  96,849    $ 227,283   $ 272,121
                                 ========    ========     ========    ========
Allocation of net income:
   Managing general partner     $     523   $     968    $   2,273   $   2,721
                                 ========    ========     ========    ========
   Limited partners             $  51,723   $  95,881    $ 225,010   $ 269,400
                                 ========    ========     ========    ========
Net income per limited
   partnership interest         $    4.61   $    8.55    $   20.05   $   24.01
                                 ========    ========     ========    ========
Distributions per limited
   partnership interest         $   10.25   $   11.33    $   40.50   $   31.84
                                 ========    ========     ========    ========


         The financial information included herein has been prepared by
           management without audit by independent public accountants.

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

                                        4

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                PARKER & PARSLEY PRODUCING PROPERTIES 88-A, L.P.
                        (A Delaware Limited Partnership)

                         STATEMENT OF PARTNERS' CAPITAL
                                   (Unaudited)




                                    Managing
                                    general       Limited
                                    partner       partners         Total
                                   ---------     ----------     ----------

Balance at January 1, 1997         $  24,280     $2,467,575     $2,491,855

    Distributions                     (4,297)      (454,489)      (458,786)

    Net income                         2,273        225,010        227,283
                                    --------      ---------      ---------

Balance at September 30, 1997      $  22,256     $2,238,096     $2,260,352
                                    ========      =========      =========



         The financial information included herein has been prepared by
           management without audit by independent public accountants.

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

                                        5

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                PARKER & PARSLEY PRODUCING PROPERTIES 88-A, L.P.
                        (A Delaware Limited Partnership)

                            STATEMENTS OF CASH FLOWS
                                   (Unaudited)



                                                          Nine months ended
                                                             September 30,
                                                      ------------------------
                                                          1997         1996
                                                      ----------    ----------
Cash flows from operating activities:
   Net income                                         $  227,283    $  272,121
   Adjustments to reconcile net income to net
      cash provided by operating activities:
        Depletion                                        117,781       110,467
   Changes in assets:
        (Increase) decrease in accounts receivable        62,293       (46,315)
                                                       ---------     ---------
               Net cash provided by operations           407,357       336,273
                                                       ---------     ---------
Cash flows from investing activities:
   Additions to oil and gas properties                    (3,485)       (7,849)

Cash flows from financing activities:
   Cash distributions to partners                       (458,786)     (360,872)
                                                       ---------     ---------
Net decrease in cash and cash equivalents                (54,914)      (32,448)
Cash and cash equivalents at beginning of period         430,500       444,066
                                                       ---------     ---------
Cash and cash equivalents at end of period            $  375,586    $  411,618
                                                       =========     =========




         The financial information included herein has been prepared by
           management without audit by independent public accountants.

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

                                        6

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                PARKER & PARSLEY PRODUCING PROPERTIES 88-A, L.P.
                        (A Delaware Limited Partnership)

                          NOTES TO FINANCIAL STATEMENTS
                               September 30, 1997
                                   (Unaudited)

Note 1.     Basis of presentation

In the opinion of  management,  the unaudited  financial  statements of Parker &
Parsley Producing  Properties 88-A, L.P. (the "Partnership") as of September 30,
1997 and for the three and nine months ended September 30, 1997 and 1996 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  information  and  footnote  disclosure  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, 1996, as filed with the Securities and Exchange Commission,  a copy
of which is available upon request by writing to Rich Dealy,  Vice President and
Controller, 303 West Wall, Suite 103, Midland, Texas 79701.

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

As of August 8, 1997, Pioneer Natural Resources USA, Inc. ("Pioneer USA") became
the  general  partner  of  the  Partnership.   Prior  to  August  8,  1997,  the
Partnership's general partner was Parker & Parsley Development L.P. ("PPDLP"), a
wholly-owned  subsidiary  of  Parker &  Parsley  Petroleum  Company  ("Parker  &
Parsley").  On  August  7,  1997,  Parker  &  Parsley  and  Mesa  Inc.  received
shareholder  approval  to merge and create  Pioneer  Natural  Resources  Company
("Pioneer").  On August 8, 1997,  PPDLP was merged with and into  Pioneer USA, a
wholly-owned  subsidiary  of  Pioneer,  resulting  in Pioneer USA  becoming  the
general  partner of the Partnership as PPDLP's  successor by merger.  For a more
complete description of the Parker & Parsley and Mesa Inc. merger, see Pioneer's
Registration  Statement  on Form S-4 as filed  with the  Securities  &  Exchange
Commission.

Results of Operations

Nine months ended September 30, 1997 compared with nine months ended
  September 30, 1996

Revenues:

The  Partnership's  oil and gas revenues  decreased 8% to $599,800 from $650,538
for the nine  months  ended  September  30,  1997 as compared to the nine months
ended  September  30, 1996.  The decrease in revenues  resulted from declines in
barrels  of oil and mcf of gas  produced  and  sold  and a lower  average  price

                                        7

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received per barrel of oil, offset by a higher average price received per mcf of
gas. For the nine months ended  September 30, 1997,  21,380  barrels of oil were
sold  compared  to 23,091  for the same  period  in 1996,  a  decrease  of 1,711
barrels,  or 7%. For the nine months ended September 30, 1997, 75,316 mcf of gas
were sold  compared to 77,668 for the same  period in 1996,  a decrease of 2,352
mcf, or 3%. Because of the decline  characteristics of the Partnership's oil and
gas properties,  management expects a certain amount of decline in production to
continue in the future until the Partnership's economically recoverable reserves
are fully depleted.

The average price received per barrel of oil decreased $1.25, or 6%, from $20.79
for the nine months  ended  September  30, 1996 to $19.54 for the same period in
1997,  while the average price  received per mcf of gas increased 10% from $2.19
during the nine months  ended  September  30, 1996 to $2.42 in 1997.  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 nine months ended
September 30, 1997.

Costs and Expenses:

Total  costs and  expenses  decreased  to  $387,060  for the nine  months  ended
September  30,  1997 as compared  to  $392,802  for the same  period in 1996,  a
decrease of $5,742. This decrease resulted from declines in production costs and
general and administrative expenses ("G&A"), offset by an increase in depletion.

Production  costs were $251,285 for the nine months ended September 30, 1997 and
$262,819 for the same period in 1996  resulting in an $11,534  decrease,  or 4%.
The decrease  was  primarily  due to a reduction in well repair and  maintenance
costs.

G&A's  components are independent  accounting and engineering  fees and managing
general  partner  personnel  and  operating  costs.   During  this  period,  G&A
decreased, in aggregate, 8% from $19,516 for the nine months ended September 30,
1996 to $17,994 for the same period in 1997. The  Partnership  agreement  limits
G&A to 3% of gross oil and gas revenues.

Depletion was $117,781 for the nine months ended  September 30, 1997 compared to
$110,467 for the same period in 1996, representing an increase of $7,314, or 7%.
This increase was  primarily  attributable  to a decline in oil reserves  during
1997 as a result of lower commodity prices.

Three months ended September 30, 1997 compared with three months ended September
  30, 1996

Revenues:

The Partnership's  oil and gas revenues  decreased 22% to $175,612 from $224,719
for the three  months ended  September  30, 1997 as compared to the three months
ended September 30, 1996. The decrease in revenues resulted from a lower average
price  received  per barrel of oil and declines in barrels of oil and mcf of gas
produced and sold. For the three months ended September 30, 1997,  6,635 barrels
of oil were sold  compared to 7,711 for the same  period in 1996,  a decrease of
1,076 barrels, or 14%. For the three months ended September 30, 1997, 26,032 mcf

                                        8

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of gas were sold  compared to 26,415 for the same period in 1996,  a decrease of
383 mcf. The declines in production were due to the decline  characteristics  of
the oil and gas properties.

The average price received per barrel of oil decreased $3.73, or 17% from $21.81
for the three months ended  September  30, 1996 to $18.08 for the same period in
1997, while the average price received per mcf of gas remained constant at $2.14
during the three months ended September 30, 1997 and 1996.

Costs and Expenses:

Total costs and  expenses  decreased  to  $128,101  for the three  months  ended
September  30,  1997 as compared  to  $132,816  for the same  period in 1996,  a
decrease of $4,715, or 4%. This decrease was due to declines in production costs
and G&A, offset by an increase in depletion.

Production  costs were $86,285 for the three months ended September 30, 1997 and
$93,844 for the same period in 1996, resulting in a $7,559 decrease,  or 8%. The
decrease  was  primarily   attributable  to  a  reduction  in  well  repair  and
maintenance costs.

G&A's  components are independent  accounting and engineering  fees and managing
general  partner  personnel  and  operating  costs.   During  this  period,  G&A
decreased,  in aggregate,  22% from $6,741 for the three months ended  September
30, 1996 to $5,268 for the same period in 1997.

Depletion was $36,548 for the three months ended  September 30, 1997 compared to
$32,231 for the same period in 1996,  representing  an increase in  depletion of
$4,317, or 13%, primarily  attributable to a decline in oil reserves during 1997
as a result of lower commodity prices.

Liquidity and Capital Resources

Net Cash Provided by Operating Activities

Net cash  provided by operating  activities  increased  $71,084  during the nine
months ended  September 30, 1997 from the same period ended  September 30, 1996,
resulting  from a decrease in  production  costs paid and an increase in oil and
gas sales receipts.

Net Cash Used in Investing Activities

The Partnership's  principal  investing  activities during the nine months ended
September 30, 1997 and 1996 were related to equipment replacement on various oil
and gas properties.

Net Cash Used in Financing Activities

Cash was  sufficient  for the nine  months  ended  September  30,  1997 to cover
distributions to the partners of $458,786 of which $4,297 was distributed to the
managing  general  partner and  $454,489 to the limited  partners.  For the same
period ended  September 30, 1996, cash was sufficient for  distributions  to the
partners of $360,872 of which $3,586 was  distributed  to the  managing  general
partner and $357,286 to the limited partners.

                                        9

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It is expected  that future net cash  provided by operating  activities  will be
sufficient for any capital expenditures and any distributions. As the production
from the properties declines, distributions are also expected to decrease.

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

(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.   Financial Data Schedule

(b)    Reports on Form 8-K - none




                                       10

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                PARKER & PARSLEY PRODUCING PROPERTIES 88-A, L.P.
                        (A Delaware 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 PRODUCING
                                           PROPERTIES 88-A, L.P.

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




Dated:  November 13, 1997         By:      /s/ Rich Dealy
                                           ----------------------------------
                                           Rich Dealy, Vice President and
                                             Controller



                                       11

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