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 September 30, 2001


                         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)


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 PRODUCING PROPERTIES 88-A, L.P.

                                TABLE OF CONTENTS


                                                                      Page
                          Part I. Financial Information

Item 1.    Financial Statements

           Balance Sheets as of September 30, 2001 and
              December 31, 2000.....................................    3

           Statements of Operations for the three and nine
             months ended September 30, 2001 and 2000...............    4

           Statement of Partners' Capital for the nine months
             ended September 30, 2001...............................    5

           Statements of Cash Flows for the nine months ended
             September 30, 2001 and 2000............................    6

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

Item 2.    Management's Discussion and Analysis of Financial
             Condition and Results of Operations....................    8


                           Part II. Other Information

Item 6.    Exhibits and Reports on Form 8-K.........................   12

           Signatures...............................................   13


                                        2

<PAGE>



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

                          Part I. Financial Information

Item 1.      Financial Statements

                                 BALANCE SHEETS

<TABLE>

                                                  September 30,   December 31,
                                                      2001            2000
                                                  ------------    -----------
                                                  (Unaudited)
                 ASSETS

<S>                                               <C>             <C>
Current assets:
   Cash                                           $   343,338     $   253,499
   Accounts receivable - oil and gas sales             72,540         115,810
                                                   ----------      ----------
           Total current assets                       415,878         369,309
                                                   ----------      ----------
Oil and gas properties - at cost, based on the
   successful efforts accounting method             4,855,712       4,855,712
Accumulated depletion                              (3,793,693)     (3,719,241)
                                                   ----------      ----------
           Net oil and gas properties               1,062,019       1,136,471
                                                   ----------      ----------
                                                  $ 1,477,897     $ 1,505,780
                                                   ==========      ==========
    LIABILITIES AND PARTNERS' CAPITAL

Current liabilities:
   Accounts payable - affiliate                   $    29,420     $    11,054

Partners' capital:
   Managing general partner                            14,416          14,879
   Limited partners (11,222 interests)              1,434,061       1,479,847
                                                   ----------      ----------
                                                    1,448,477       1,494,726
                                                   ----------      ----------
                                                  $ 1,477,897     $ 1,505,780
                                                   ==========      ==========

</TABLE>



The financial information included as of September 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 PRODUCING PROPERTIES 88-A, L.P.
                        (A Delaware Limited Partnership)

                            STATEMENTS OF OPERATIONS
                                   (Unaudited)


<TABLE>

                                           Three months ended        Nine months ended
                                               September 30,             September 30,
                                         ----------------------    ------------------------
                                            2001         2000        2001          2000
                                         ---------    ---------    ---------    -----------
<S>                                      <C>          <C>          <C>          <C>
Revenues:
   Oil and gas                           $ 160,309    $ 182,810    $ 510,321    $   529,705
   Interest                                  2,283        4,475        8,508         12,279
   Gain on disposition of assets               -            -          6,447          9,859
                                          --------     --------     --------      ---------
                                           162,592      187,285      525,276        551,843
                                          --------     --------     --------      ---------
Costs and expenses:
   Oil and gas production                   72,619       64,917      199,948        264,170
   General and administrative                3,974        5,484       14,480         15,891
   Impairment of oil and gas properties     18,255          -         18,255            -
   Depletion                                19,670       19,737       56,197         49,684
   Abandoned property                          -            -         10,766            -
                                          --------     --------     --------      ---------
                                           114,518       90,138      299,646        329,745
                                          --------     --------     --------      ---------
Net income                               $  48,074    $  97,147    $ 225,630    $   222,098
                                          ========     ========     ========     ==========
Allocation of net income:
   Managing general partner              $     480    $     971    $   2,256    $     2,221
                                          ========     ========     ========     ==========
   Limited partners                      $  47,594    $  96,176    $ 223,374    $   219,877
                                          ========     ========     ========     ==========
Net income per limited
   partnership interest                  $    4.25    $    8.57    $   19.91    $     19.59
                                          ========     ========     ========     ==========

</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 PRODUCING PROPERTIES 88-A, L.P.
                        (A Delaware Limited Partnership)

                         STATEMENT OF PARTNERS' CAPITAL
                                   (Unaudited)



<TABLE>

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


<S>                                      <C>          <C>           <C>
Balance at January 1, 2001               $  14,879    $1,479,847    $1,494,726

    Distributions                           (2,719)     (269,160)     (271,879)

    Net income                               2,256       223,374       225,630
                                          --------     ---------     ---------

Balance at September 30, 2001            $  14,416    $1,434,061    $1,448,477
                                          ========     =========     =========
</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 PRODUCING PROPERTIES 88-A, L.P.
                        (A Delaware Limited Partnership)

                            STATEMENTS OF CASH FLOWS
                                   (Unaudited)

<TABLE>


                                                          Nine months ended
                                                             September 30,
                                                       ------------------------
                                                          2001          2000
                                                       ----------    ----------
<S>                                                    <C>           <C>
Cash flows from operating activities:
   Net income                                          $  225,630    $  222,098
   Adjustments to reconcile net income to net
      cash provided by operating activities:
        Impairment of oil and gas properties               18,255           -
        Depletion                                          56,197        49,684
        Gain on disposition of assets                      (6,447)       (9,859)
   Changes in assets and liabilities:
        Accounts receivable                                43,270        (1,287)
        Accounts payable                                   18,366        16,675
                                                        ---------     ---------
           Net cash provided by operating activities      355,271       277,311
                                                        ---------     ---------
Cash flows from investing activities:
   Additions to oil and gas properties                        -            (782)
   Proceeds from asset dispositions                         6,447         9,859
                                                        ---------     ---------
           Net cash provided by investing activities        6,447         9,077
                                                        ---------     ---------
Cash flows used in financing activities:
   Cash distributions to partners                        (271,879)     (339,285)
                                                        ---------     ---------
Net increase (decrease) in cash                            89,839       (52,897)
Cash at beginning of period                               253,499       323,271
                                                        ---------     ---------
Cash at end of period                                  $  343,338    $  270,374
                                                        =========     =========

</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 PRODUCING PROPERTIES 88-A, L.P.
                        (A Delaware Limited Partnership)

                          NOTES TO FINANCIAL STATEMENTS
                               September 30, 2001
                                   (Unaudited)

Note 1.     Organization and nature of operations

Parker & Parsley  Producing  Properties  88-A,  L.P.  (the  "Partnership")  is a
limited partnership organized in 1988 under the laws of the State of Delaware.

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  September  30, 2001 and for the three and nine months  ended
September 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 September 30, 2000 financial  statements to conform to
the September 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.

Note 3.     Impairment of long-lived assets

In  accordance  with  Statement  of  Financial  Accounting  Standards  No.  121,
"Accounting for the Impairment of Long-Lived Assets and for Long-Lived Assets to
be Disposed Of" ("SFAS  121"),  the  Partnership  reviews its proved oil and gas
properties for impairment  whenever events and circumstances  indicate a decline
in the  recoverability  of the carrying value of the  Partnership's  oil and gas
properties.  The Partnership has estimated the expected future cash flows of its
oil and gas properties as of September 30, 2001, based on proved  reserves,  and
compared such estimated  future cash flows to the respective  carrying amount of
the oil and gas  properties to determine if the carrying  amounts were likely to
be  recoverable.  For those proved oil and gas properties for which the carrying
amount exceeded the estimated future cash flows, an impairment was determined to
exist; therefore,  the Partnership adjusted the carrying amount of those oil and
gas properties to their fair value as determined by  discounting  their expected
future cash flows at a discount rate commensurate with the risks involved in the

                                        7

<PAGE>



industry.  As  a  result,  the  Partnership  recognized  a  non-cash  impairment
provision  of $18,255  related to its proved oil and gas  properties  during the
nine months ended September 30, 2001.

Note 4.     Proposal to acquire Partnership

On October 22,  2001,  Pioneer  Natural  Resources  Company  ("Pioneer")  mailed
materials to the limited  partners of the Partnership  soliciting their approval
of an agreement and plan of merger among Pioneer, Pioneer Natural Resources USA,
Inc. ("Pioneer USA"), a wholly-owned subsidiary of Pioneer, and the Partnership.
Pioneer has valued the Partnership interest at $2,088,664 of which $2,053,405 is
attributable to the limited partners, excluding Pioneer USA in its capacity as a
general  partner or a limited  partner.  If a majority of the  limited  partners
approve the transaction,  each limited partner will receive their  proportionate
share of the value in the form of Pioneer common stock.

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

Results of Operations

Nine months ended September 30, 2001 compared with nine months ended September
  30, 2000

Revenues:

The  Partnership's  oil and gas  revenues  decreased 4% to $510,321 for the nine
months ended  September  30, 2001 as compared to $529,705 for the same period in
2000. The decrease in revenues  resulted from lower average prices  received for
oil and a decline in production,  offset by higher  average prices  received for
gas and natural gas liquids  ("NGLs").  For the nine months ended  September 30,
2001,  12,433  barrels of oil,  6,103 barrels of NGLs and 26,047 mcf of gas were
sold, or 22,877 barrel of oil  equivalents  ("BOEs").  For the nine months ended
September 30, 2000,  12,685 barrels of oil, 7,553 barrels of NGLs and 29,106 mcf
of gas were sold,  or 25,089  BOEs.  Due to the decline  characteristics  of the
Partnership's  oil and gas  properties,  management  expects a certain amount of
decline  in  production  in the  future  until  the  Partnership's  economically
recoverable reserves are fully depleted.

The average price received per barrel of oil decreased $1.70, or 6%, from $28.54
for the nine months  ended  September  30, 2000 to $26.84 for the same period in
2001. The average price received per barrel of NGLs increased  $.12, or 1%, from
$13.80  during the nine months ended  September  30, 2000 to $13.92 for the same
period in 2001.  The average  price  received per mcf of gas  increased 61% from
$2.18  during the nine  months  ended  September  30, 2000 to $3.52 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 nine months ended September 30, 2001.

                                        8

<PAGE>



Gains on disposition of assets of $6,447 and $9,859 were  recognized  during the
nine months ended September 30, 2001 and 2000, respectively. The gain recognized
during the nine months ended September 30, 2001 resulted from equipment  credits
received on one well that was plugged and abandoned  during the current  period.
Expenses  incurred  during the nine months ended September 30, 2001 to plug this
well were $10,766.  The gain  recognized  during the period ended  September 30,
2000 resulted from equipment credits received on one fully depleted well.

Costs and Expenses:

Total  costs and  expenses  decreased  to  $299,646  for the nine  months  ended
September  30,  2001 as compared  to  $329,745  for the same  period in 2000,  a
decrease of $30,099,  or 9%. This decrease resulted from decreases in production
costs and general and  administrative  expenses ("G&A"),  offset by increases in
the  impairment  of  oil  and  gas  properties,  abandoned  property  costs  and
depletion.

Production  costs were $199,948 for the nine months ended September 30, 2001 and
$264,170 for the same period in 2000  resulting in a $64,222  decrease,  or 24%.
The decrease was primarily due to lower workover  expenses and well  maintenance
costs, offset by higher ad valorem taxes.

G&A's  components are independent  accounting and engineering  fees and managing
general partner personnel and operating costs. During this period, G&A decreased
9% from $15,891 for the nine months ended  September 30, 2000 to $14,480 for the
same period in 2001, primarily due to a lower percentage of the managing general
partner's  G&A being  allocated  (limited  to 3% of oil and gas  revenues)  as a
result of lower oil and gas revenues.

In  accordance  with  Statement  of  Financial  Accounting  Standards  No.  121,
"Accounting for the Impairment of Long-Lived Assets and for Long-Lived Assets to
be Disposed Of" ("SFAS  121"),  the  Partnership  reviews its proved oil and gas
properties for impairment  whenever events and circumstances  indicate a decline
in the  recoverability  of the carrying value of the  Partnership's  oil and gas
properties.  The Partnership has estimated the expected future cash flows of its
oil and gas properties as of September 30, 2001, based on proved  reserves,  and
compared such estimated  future cash flows to the respective  carrying amount of
the oil and gas  properties to determine if the carrying  amounts were likely to
be  recoverable.  For those proved oil and gas properties for which the carrying
amount exceeded the estimated future cash flows, an impairment was determined to
exist; therefore,  the Partnership adjusted the carrying amount of those oil and
gas properties to their fair value as determined by  discounting  their expected
future cash flows at a discount rate commensurate with the risks involved in the
industry.  As  a  result,  the  Partnership  recognized  a  non-cash  impairment
provision  of $18,255  related to its proved oil and gas  properties  during the
nine months ended September 30, 2001.

Depletion  was $56,197 for the nine months ended  September 30, 2001 as compared
to $49,684 for the same period in 2000,  representing an increase of $6,513,  or
13%. This  increase was  primarily  the result of a downward  revision in proved
reserves  during the period  ended  September  30,  2001 due to lower  commodity
prices as compared to the same period in 2000.


                                        9

<PAGE>



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

Revenues:

The Partnership's  oil and gas revenues  decreased 12% to $160,309 for the three
months ended  September  30, 2001 as compared to $182,810 for the same period in
2000.  The decrease in revenues  resulted  from lower average  prices  received,
offset by a slight increase in production.  For the three months ended September
30, 2001,  4,175 barrels of oil, 2,263 barrels of NGLs and 9,878 mcf of gas were
sold,  or 8,084 BOEs.  For the three months  ended  September  30,  2000,  4,197
barrels of oil,  2,315  barrels of NGLs and 8,704 mcf of gas were sold, or 7,963
BOEs.

The average  price  received per barrel of oil  decreased  $4.06,  or 13%,  from
$30.23 for the three  months  ended  September  30,  2000 to $26.17 for the same
period in 2001. The average price received per barrel of NGLs decreased $.38, or
3%, from $13.50  during the three months ended  September 30, 2000 to $13.12 for
the same period in 2001. The average price received per mcf of gas decreased 24%
from $2.84  during the three months  ended  September  30, 2000 to $2.16 for the
same period in 2001.

Costs and Expenses:

Total costs and  expenses  increased  to  $114,518  for the three  months  ended
September  30,  2001 as  compared  to $90,138  for the same  period in 2000,  an
increase  of  $24,380,  or  27%.  This  increase  was  due to  increases  in the
impairment of oil and gas properties and production costs, offset by declines in
G&A and depletion.

Production  costs were $72,619 for the three months ended September 30, 2001 and
$64,917 for the same period in 2000, resulting in a $7,702 increase, or 12%. The
increase  was  primarily  due to higher ad  valorem  taxes and  additional  well
maintenance costs incurred to stimulate well production,  offset by a decline in
workover expenses.

During this  period,  G&A  decreased  28% from $5,484 for the three months ended
September  30,  2000 to $3,974 for the same period in 2001,  primarily  due to a
lower  percentage of the managing  general  partner's  G&A being  allocated as a
result of lower oil and gas revenues.

The Partnership recognized a non-cash impairment provision of $18,255 related to
its proved oil and gas  properties  during the three months ended  September 30,
2001.

Depletion was $19,670 for the three months ended  September 30, 2001 as compared
to $19,737 for the same period in 2000,  representing a decrease in depletion of
$67.

Liquidity and Capital Resources

Net Cash Provided by Operating Activities

Net cash  provided by operating  activities  increased  $77,960  during the nine
months ended  September 30, 2001 from the same period ended  September 30, 2000.
This  increase was  due to  decreases in  production  costs of  $64,222 and  G&A

                                       10

<PAGE>



expenses of $1,411 and a reduction  of $46,248 in working  capital,  offset by a
decrease in oil and gas sales  receipts of $23,155 and an increase in  abandoned
property costs of $10,766. The decrease in production costs was primarily due to
lower workover expenses and well maintenance costs,  offset by higher ad valorem
taxes.  The  decrease  in G&A was  primarily  due to a lower  percentage  of the
managing  general  partner's G&A being  allocated  (limited to 3% of oil and gas
revenues) as a result of lower oil and gas revenues. The decrease in oil and gas
receipts  resulted  from the  decline in oil prices of $21,616  during  2001 and
$37,714  resulting from the decline in production during 2001 as compared to the
same period in 2000, offset by an increase in gas and NGL prices of $36,175.

Net Cash Provided by Investing Activities

The Partnership's  principal  investing  activities during the nine months ended
September  30, 2000 were  related to  equipment  upgrades on various oil and gas
properties.

Proceeds from disposition of assets of $6,447 and $9,859 were recognized  during
the nine months ended  September 30, 2001 and 2000,  respectively.  The proceeds
recognized  during the nine  months  ended  September  30,  2001  resulted  from
equipment credits received on one well that was plugged and abandoned during the
current period.  The proceeds  recognized  during the period ended September 30,
2000 resulted from equipment credits received on one fully depleted well.

Net Cash Used in Financing Activities

For the nine months ended September 30, 2001, cash distributions to the partners
were $271,879,  of which $2,719 was distributed to the managing  general partner
and $269,160 to the limited  partners.  For the same period ended  September 30,
2000,  cash  distributions  to the partners were  $339,285,  of which $3,393 was
distributed  to the  managing  general  partner  and  $335,892  to  the  limited
partners.

During  2001,  the  Partnership  made  distributions  in  March  and July but no
distributions  were made by the Partnership during September pending the vote of
the proposed merger of the Partnership into Pioneer Natural  Resources USA, Inc.
("Pioneer USA"). For further information, see "Proposal to acquire partnerships"
below.

Proposal to acquire partnerships

On October 22,  2001,  Pioneer  Natural  Resources  Company  ("Pioneer")  mailed
definitive materials (the "proxy  statement/prospectus") to solicit the approval
of limited partners of 46 Parker & Parsley limited  partnerships,  including the
Partnership,  of an agreement and plan of merger among  Pioneer,  Pioneer USA, a
wholly-owned subsidiary of Pioneer, and those limited partnerships.  The special
meetings of the limited partners to consider and vote on the merger proposal are
scheduled  for  December  20,  2001.  The record  date to  identify  the limited
partners who are  entitled to notice of and to vote at the special  meetings was
September  21, 2001.  Each  partnership  that approves the agreement and plan of
merger and the other related  merger  proposals will merge with and into Pioneer
USA.  As a result,  the  partnership  interests  of those  partnerships  will be
converted into the right to receive Pioneer common stock.

                                       11

<PAGE>



The 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.

A copy of the 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 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 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.


                           Part II. Other Information

Item 6.     Exhibits and Reports on Form 8-K

(a)    Exhibits

(b)    Reports on Form 8-K - none


                                       12

<PAGE>


                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 9, 2001           By:    /s/ Rich Dealy
                                           --------------------------------
                                           Rich Dealy, Vice President and
                                             Chief Accounting Officer



                                       13

<PAGE>