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. 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 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 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 PRODUCING PROPERTIES 88-A, L.P.
                        (A Delaware 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                                               $   369,133    $   253,499
  Accounts receivable - oil and gas sales                 68,621        115,810
                                                      ----------     ----------
        Total current assets                             437,754        369,309
                                                      ----------     ----------
Oil and gas properties - at cost, based on the
  successful efforts accounting method                 4,855,712      4,855,712
Accumulated depletion                                 (3,755,768)    (3,719,241)
                                                      ----------     ----------
        Net oil and gas properties                     1,099,944      1,136,471
                                                      ----------     ----------
                                                     $ 1,537,698    $ 1,505,780
                                                      ==========     ==========
LIABILITIES AND PARTNERS' CAPITAL

Current liabilities:
  Accounts payable - affiliate                       $    19,658    $    11,054

Partners' capital:
  Managing general partner                                15,113         14,879
  Limited partners (11,222 interests)                  1,502,927      1,479,847
                                                      ----------     ----------
                                                       1,518,040      1,494,726
                                                      ----------     ----------
                                                     $ 1,537,698    $ 1,505,780
                                                      ==========     ==========

</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 PRODUCING PROPERTIES 88-A, L.P.
                        (A Delaware 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                      $ 154,567    $ 197,479    $ 350,012    $ 346,895
  Interest                             3,000        4,202        6,225        7,804
  Gain on disposition of assets        6,447          -          6,447        9,859
                                    --------     --------     --------     --------
                                     164,014      201,681      362,684      364,558
                                    --------     --------     --------     --------
Costs and expenses:
  Oil and gas production              61,994      124,619      127,329      199,253
  General and administrative           4,643        5,925       10,506       10,407
  Depletion                           16,473       17,322       36,527       29,947
  Abandoned property                  10,766          -         10,766          -
                                    --------     --------     --------     --------
                                      93,876      147,866      185,128      239,607
                                    --------     --------     --------     --------
Net income                         $  70,138    $  53,815    $ 177,556    $ 124,951
                                    ========     ========     ========     ========
Allocation of net income:
  Managing general partner         $     702    $     539    $   1,776    $   1,250
                                    ========     ========     ========     ========
  Limited partners                 $  69,436    $  53,276    $ 175,780    $ 123,701
                                    ========     ========     ========     ========
Net income per limited
  partnership interest             $    6.18    $    4.74    $   15.66    $   11.02
                                    ========     ========     ========     ========


</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                         (1,542)      (152,700)      (154,242)

    Net income                             1,776        175,780        177,556
                                       ---------      ---------      ---------

Balance at June 30, 2001              $   15,113     $1,502,927     $1,518,040
                                       =========      =========      =========

</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>

                                                         Six months ended
                                                              June 30,
                                                     -------------------------
                                                         2001          2000
                                                     ----------     ----------
<S>                                                  <C>            <C>
Cash flows from operating activities:
 Net income                                          $  177,556     $  124,951
 Adjustments to reconcile net income to net
     cash provided by operating activities:
       Depletion                                         36,527         29,947
       Gain on disposition of assets                     (6,447)        (9,859)
 Changes in assets and liabilities:
       Accounts receivable                               47,189        (14,004)
       Accounts payable                                   8,604         12,811
                                                      ---------      ---------
         Net cash provided by operating activities      263,429        143,846
                                                      ---------      ---------
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                        (154,242)      (232,627)
                                                      ---------      ---------
Net increase (decrease) in cash                         115,634        (79,704)
Cash at beginning of period                             253,499        323,271
                                                      ---------      ---------
Cash at end of period                                $  369,133     $  243,567
                                                      =========      =========

</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
                                  June 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 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  1% to $350,012 for the six
months  ended June 30, 2001 as compared to $346,895 for the same period in 2000.
The increase in revenues  resulted from higher average  prices  received for gas
and NGLs,  offset by a decline in production and lower average  prices  received
for oil.  For the six months ended June 30,  2001,  8,258 barrels of oil,  3,840

                                        7

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barrels of natural  gas  liquids  ("NGLs")  and 16,169 mcf of gas were sold,  or
14,793  barrel of oil  equivalents  ("BOEs").  For the six months ended June 30,
2000,  8,488  barrels of oil,  5,238  barrels of NGLs and 20,402 mcf of gas were
sold, or 17,126 BOEs.

The average price received per barrel of oil decreased  $.53, or 2%, from $27.71
for the six months  ended June 30,  2000 to $27.18 for the same  period in 2001.
The average price received per barrel of NGLs increased $.47, or 3%, from $13.93
during the six months ended June 30, 2000 to $14.40 for the same period in 2001.
The average price  received per mcf of gas increased  129% from $1.90 during the
six months ended June 30, 2000 to $4.35 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.

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

Costs and Expenses:

Total costs and expenses decreased to $185,128 for the six months ended June 30,
2001 as compared to $239,607 for the same period in 2000, a decrease of $54,479,
or 23%. This decrease was primarily due to a decline in production costs, offset
by  increases  in  abandoned   property   costs,   depletion   and  general  and
administrative expenses ("G&A").

Production  costs  were  $127,329  for the six months  ended  June 30,  2001 and
$199,253  for the same period in 2000,  resulting  in a decrease of $71,924,  or
36%.  This decrease was  primarily  due to lower  workover and well  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 increased
1% from  $10,407 for the six months  ended June 30, 2000 to $10,506 for the same
period in 2001, primarily due to an increase in audit and tax fees.

Depletion  was  $36,527  for the six months  ended June 30,  2001 as compared to
$29,947  for the same  period in 2000,  an  increase  of  $6,580,  or 22%.  This
increase was primarily due to a downward  revision to proved reserves during the
period ended June 30, 2001 due to lower commodity prices as compared to the same
period in 2000.


                                        8

<PAGE>



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

Revenues:

The Partnership's  oil and gas revenues  decreased 22% to $154,567 for the three
months  ended June 30, 2001 as compared to $197,479 for the same period in 2000.
The decrease in revenues resulted from lower average prices received for oil and
NGLs and a decline in production,  offset by higher average prices  received for
gas.  For the three  months ended June 30,  2001,  3,841  barrels of oil,  1,984
barrels of NGLs and 7,439 mcf of gas were  sold,  or 7,065  BOEs.  For the three
months  ended June 30, 2000,  4,780  barrels of oil,  2,886  barrels of NGLs and
10,613 mcf of gas were sold, or 9,435 BOEs.

The average price received per barrel of oil decreased  $.58, or 2%, from $27.50
for the three  months ended June 30, 2000 to $26.92 for the same period in 2001.
The average  price  received per barrel of NGLs  decreased  $1.83,  or 12%, from
$14.66 during the three months ended June 30, 2000 to $12.83 for the same period
in 2001.  The average  price  received per mcf of gas  increased  55% from $2.23
during  the three  months  ended June 30,  2000 to $3.46 for the same  period in
2001.

Gain on disposition  of assets of $6,447 was recognized  during the three months
ended June 30,  2001  resulting  from  equipment  credits  received  on one well
plugged and abandoned during the current period.  Expenses incurred to plug this
well were $10,766.

Costs and Expenses:

Total costs and  expenses  decreased  to $93,876 for the three months ended June
30,  2001 as compared  to  $147,866  for the same period in 2000,  a decrease of
$53,990,  or 37%.  This  decrease was  primarily  due to declines in  production
costs, G&A and depletion, offset by an increase in abandoned property costs.

Production  costs were  $61,994  for the three  months  ended June 30,  2001 and
$124,619 for the same period in 2000  resulting in a $62,625  decrease,  or 50%.
This decrease was primarily due to lower workover and well maintenance costs.

During this  period,  G&A  decreased  22% from $5,925 for the three months ended
June 30,  2000 to $4,643 for the same period in 2001,  primarily  due to a lower
allocation of the managing general  partner's G&A being allocated as a result of
lower oil and gas  revenues  during  the three  months  ended  June 30,  2001 as
compared to the period ended June 30, 2000,  in addition to decreased  audit and
tax fees.

Depletion  was $16,473 for the three  months  ended June 30, 2001 as compared to
$17,322 for the same period in 2000,  a decrease of $849,  or 5%. This  decrease
was  primarily  due to a decline in oil  production of 939 barrels for the three
months ended June 30, 2001 as compared to the same period in 2000.


                                        9

<PAGE>



Liquidity and Capital Resources

Net Cash Provided by Operating Activities

Net cash  provided by operating  activities  increased  $119,583  during the six
months  ended  June 30,  2001 from the same  period  ended June 30,  2000.  This
increase  was  primarily  due to a reduction of $56,986 in working  capital,  an
increase  of $1,538 in oil and gas sales  receipts  and a decline in  production
costs of $71,924, offset by increases in abandoned property costs of $10,766 and
G&A  expenses of $99. The  increase in oil and gas  receipts  resulted  from the
increase in gas and NGL prices of $52,442  during  2001,  offset by a decline of
$46,359 in production  and a $4,545 decline in oil prices in 2001 as compared to
the same period in 2000.  The decrease in production  costs was primarily due to
lower workover and well maintenance costs. The increase in G&A was primarily due
to an increase in audit and tax fees.

Net Cash Provided by Investing Activities

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

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

Net Cash Used in Financing Activities

For the six months ended June 30, 2001, cash  distributions to the partners were
$154,242,  of which $1,542 was  distributed to the managing  general partner and
$152,700 to the limited partners.  For the same period ended June 30, 2000, cash
distributions to the partners were $232,627,  of which $2,326 was distributed to
the managing general partner and $230,301 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


                                       10

<PAGE>



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.


                           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 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:  August 7, 2001           By:      /s/ Rich Dealy
                                          ----------------------------------
                                          Rich Dealy, Vice President and
                                          Chief Accounting Officer





                                       12

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