1
 
                                                                    EXHIBIT 23.2
 
                        CONSENT OF KPMG PEAT MARWICK LLP
 
The Board of Directors and Stockholders
Parker & Parsley Petroleum Company
 
     We consent to the use of our report incorporated herein by reference and to
the reference to our firm under the heading "Experts" in the prospectus. Our
report refers to a change in the method of accounting for the impairment of
long-lived assets and for long-lived assets to be disposed of.
 
                                                 KPMG PEAT MARWICK LLP
 
Midland, Texas
June 12, 1997