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. 33-19659-01


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

                   Delaware                                    75-2225738
    -----------------------------------------            ---------------------
        (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 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 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                                            $    367,261    $    193,491
   Accounts receivable - oil and gas sales              128,453         224,465
                                                    -----------     -----------
          Total current assets                          495,714         417,956
                                                    -----------     -----------
Oil and gas properties - at cost, based on the
   successful efforts accounting method              10,117,650      10,111,281
Accumulated depletion                                (8,688,082)     (8,534,409)
                                                    -----------     -----------
          Net oil and gas properties                  1,429,568       1,576,872
                                                    -----------     -----------
                                                   $  1,925,282    $  1,994,828
                                                    ===========     ===========
LIABILITIES AND PARTNERS' CAPITAL

Current liabilities:
   Accounts payable - affiliate                    $     53,099    $     18,724

Partners' capital:
   Managing general partner                              18,964          20,003
   Limited partners (12,935 interests)                1,853,219       1,956,101
                                                    -----------     -----------
                                                      1,872,183       1,976,104
                                                    -----------     -----------
                                                   $  1,925,282    $  1,994,828
                                                    ===========     ===========

</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 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                            $ 279,405    $ 404,891    $1,050,356    $1,043,026
  Interest                                   2,482        4,613         9,266        11,691
  Gain on disposition of assets                -            -             -             259
                                          --------     --------     ---------     ---------
                                           281,887      409,504     1,059,622     1,054,976
                                          --------     --------     ---------     ---------
Costs and expenses:
  Oil and gas production                   146,434      130,098       439,961       415,111
  General and administrative                 8,383       12,147        31,511        31,291
  Impairment of oil and gas properties      52,901          -          52,901           -
  Depletion                                 35,751       30,877       100,772        79,675
                                          --------     --------     ---------     ---------
                                           243,469      173,122       625,145       526,077
                                          --------     --------     ---------     ---------
Net income                               $  38,418    $ 236,382    $  434,477    $  528,899
                                          ========     ========     =========     =========
Allocation of net income:
  Managing general partner               $     384    $   2,364    $    4,345    $    5,289
                                          ========     ========     =========     =========
  Limited partners                       $  38,034    $ 234,018    $  430,132    $  523,610
                                          ========     ========     =========     =========
Net income per limited
  partnership interest                   $    2.94    $   18.09    $    33.25    $    40.48
                                          ========     ========     =========     =========

</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 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               $  20,003     $1,956,101    $1,976,104

    Distributions                           (5,384)      (533,014)     (538,398)

    Net income                               4,345        430,132       434,477
                                          --------      ---------     ---------

Balance at September 30, 2001            $  18,964     $1,853,219    $1,872,183
                                          ========      =========     =========

</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 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                                        $  434,477    $  528,899
  Adjustments to reconcile net income to net
    cash provided by operating activities:
       Impairment of oil and gas properties             52,901           -
       Depletion                                       100,772        79,675
       Gain on disposition of assets                       -            (259)
  Changes in assets and liabilities:
    Accounts receivable                                 96,012       (21,329)
    Accounts payable                                    34,375        22,103
                                                     ---------     ---------
        Net cash provided by operating activities      718,537       609,089
                                                     ---------     ---------
Cash flows from investing activities:
  Additions to oil and gas properties                   (6,369)       (9,580)
  Proceeds from asset dispositions                         -             259
                                                     ---------     ---------
        Net cash used in investing activities           (6,369)       (9,321)
                                                     ---------     ---------
Cash flows used in financing activities:
  Cash distributions to partners                      (538,398)     (594,086)
                                                     ---------     ---------
Net increase in cash                                   173,770         5,682
Cash at beginning of period                            193,491       215,801
                                                     ---------     ---------
Cash at end of period                               $  367,261    $  221,483
                                                     =========     =========

</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 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  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 risks involved in the

                                        7

<PAGE>



industry.  As  a  result,  the  Partnership  recognized  a  non-cash  impairment
provision  of $52,901  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 $3,228,907 of which $3,153,865 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  increased 1% to $1,050,356 for the nine
months ended September 30, 2001 as compared to $1,043,026 for the same period in
2000. The increase in revenues  resulted from higher average prices received for
gas,  offset by lower  average  prices  received for oil and natural gas liquids
("NGLs") and a decline in  production.  For the nine months ended  September 30,
2001,  25,222 barrels of oil,  10,396 barrels of NGLs and 65,563 mcf of gas were
sold, or 46,545 barrel of oil  equivalents  ("BOEs").  For the nine months ended
September 30, 2000, 24,596 barrels of oil, 13,677 barrels of NGLs and 56,955 mcf
of gas were sold,  or 47,766  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 $1.98, or 7%, from $28.30
for the nine months  ended  September  30, 2000 to $26.32 for the same period in
2001. The average price received per barrel of NGLs decreased  $.25, or 2%, from
$14.48  during the nine months ended  September  30, 2000 to $14.23 for the same
period in 2001.  The average  price  received per mcf of gas  increased 39% from
$2.62  during the nine  months  ended  September  30, 2000 to $3.64 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.

Gain on  disposition  of assets of $259 was  recognized  during the nine  months
ended September 30, 2000 resulting from equipment credits received on one well.

                                        8

<PAGE>



Costs and Expenses:

Total  costs and  expenses  increased  to  $625,145  for the nine  months  ended
September  30,  2001 as compared  to  $526,077  for the same period in 2000,  an
increase  of  $99,068,  or  19%.  This  increase  was  due to  increases  in the
impairment of oil and gas properties,  production  costs,  depletion and general
and administrative expenses ("G&A").

Production  costs were $439,961 for the nine months ended September 30, 2001 and
$415,111 for the same period in 2000 resulting in an increase of $24,850, or 6%.
The increase was primarily due to higher ad valorem  taxes and  additional  well
maintenance costs incurred to stimulate well production, offset by a decrease in
workover 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 $31,291 for the nine months ended September 30, 2000 to $31,511 for the
same  period  in 2001,  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.

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 $52,901  related to its proved oil and gas  properties  during the
nine months ended September 30, 2001.

Depletion was $100,772 for the nine months ended  September 30, 2001 as compared
to $79,675 for the same period in 2000,  representing an increase of $21,097, or
26%.  This increase was the result of a decrease in proved  reserves  during the
period ended September 30, 2001 due to lower commodity prices and an increase in
oil  production  of 626 barrels for the nine months ended  September 30, 2001 as
compared to the same period in 2000.

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

Revenues:

The Partnership's  oil and gas revenues  decreased 31% to $279,405 for the three
months ended  September  30, 2001 as compared to $404,891 for the same period in
2000. The decrease in revenues resulted from lower average prices received and a
decrease in  production.  For the three months ended September 30,  2001,  7,667

                                        9

<PAGE>



barrels of oil, 3,981 barrels of NGLs and 17,597 mcf of gas were sold, or 14,581
BOEs. For the three months ended September 30, 2000, 9,541 barrels of oil, 4,325
barrels  of NGLs and 20,466 mcf of gas were  sold,  or 17,277  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 $1.83, or 7%, from $27.98
for the three months ended  September  30, 2000 to $26.15 for the same period in
2001.  The average price received per barrel of NGLs  decreased  $4.85,  or 30%,
from $15.92  during the three months ended  September 30, 2000 to $11.07 for the
same period in 2001.  The average  price  received per mcf of gas  decreased 41%
from $3.38  during the three months  ended  September  30, 2000 to $1.98 for the
same period in 2001.

Costs and Expenses:

Total costs and  expenses  increased  to  $243,469  for the three  months  ended
September  30,  2001 as compared  to  $173,122  for the same period in 2000,  an
increase  of  $70,347,  or  41%.  This  increase  was  due to  increases  in the
impairment of oil and gas properties,  production costs and depletion, offset by
a decrease in G&A.

Production costs were $146,434 for the three months ended September 30, 2001 and
$130,098 for the same period in 2000,  resulting in a $16,336 increase,  or 13%.
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
production taxes.

During this period,  G&A  decreased  31% from $12,147 for the three months ended
September  30,  2000 to  $8,383  for the same  period  in  2001,  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 decreased oil and gas revenues.

The Partnership recognized a non-cash impairment provision of $52,901 related to
its proved oil and gas properties during the period ended September 30, 2001.

Depletion was $35,751 for the three months ended  September 30, 2001 as compared
to $30,877 for the same period in 2000,  representing an increase of $4,874,  or
16%.  This increase was due to a decrease in proved  reserves  during the period
ended  September  30,  2001  compared  to the same period in 2000 as a result of
lower commodity prices,  offset by a decrease in oil production of 1,874 barrels
for the three months ended  September 30, 2001 as compared to the same period in
2000.

Liquidity and Capital Resources

Net Cash Provided by Operating Activities

Net cash provided by operating  activities  increased  $109,448  during the nine
months ended  September 30, 2001 from the same period ended  September 30, 2000.
This increase was due to an increase in oil and gas sales receipts of $4,905 and
a reduction of  $129,613 in working capital,  offset by  increases in production

                                       10

<PAGE>



costs of $24,850 and G&A  expenses  of $220.  The  increase in revenue  receipts
resulted from  increases in gas prices of $58,271 and $47,798  resulting from an
increase in oil and gas production during 2001 as compared to the same period in
2000,  offset by  decreases  of $54,476 in oil and NGL prices and $46,688 in NGL
production.  The increase in  production  costs was  primarily  due to higher ad
valorem taxes and additional well  maintenance  costs incurred to stimulate well
production,  offset by a decrease in  workover  costs.  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.

Net Cash Used in Investing Activities

The Partnership's  principal  investing  activities during the nine months ended
September 30, 2001 and 2000 included  expenditures related to equipment upgrades
on various oil and gas properties.

Proceeds from asset  dispositions  of $259 received during the nine months ended
September 30, 2000 were due to equipment credits received on one well.

Net Cash Used in Financing Activities

For the nine months ended September 30, 2001, cash distributions to the partners
were $538,398,  of which $5,384 was distributed to the managing  general partner
and $533,014 to the limited  partners.  For the same period ended  September 30,
2000,  cash  distributions  to the partners were  $594,086,  of which $5,941 was
distributed  to the  managing  general  partner  and  $588,145  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.

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.


                                       11

<PAGE>



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 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 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

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