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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
 V3Q9E0HUFFbuPiQgmL7I41alpcxdyzkaR8lZQIqhk2OKP8OUg6wEdvrBiIF8hQzM
 Kvr5yEvlPiFNgVL1BY3W4Q==

<SEC-DOCUMENT>0000351349-05-000029.txt : 20050802
<SEC-HEADER>0000351349-05-000029.hdr.sgml : 20050802
<ACCEPTANCE-DATETIME>20050802110021
ACCESSION NUMBER:		0000351349-05-000029
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20050802
FILED AS OF DATE:		20050802
DATE AS OF CHANGE:		20050802

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			COLTON DON JARED
		CENTRAL INDEX KEY:			0001267643

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-30472
		FILM NUMBER:		05990446

	MAIL ADDRESS:	
		STREET 1:		2172 GAMBEL OAK DR
		CITY:			SANDY
		STATE:			UT
		ZIP:			84092

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PIONEER OIL & GAS
		CENTRAL INDEX KEY:			0000351349
		STANDARD INDUSTRIAL CLASSIFICATION:	CRUDE PETROLEUM & NATURAL GAS [1311]
		IRS NUMBER:				870365907
		STATE OF INCORPORATION:			UT
		FISCAL YEAR END:			0930

	BUSINESS ADDRESS:	
		STREET 1:		1206 WEST SOUTH JORDAN PARKWAY
		STREET 2:		UNIT B
		CITY:			SOUTH JORDAN
		STATE:			UT
		ZIP:			84092
		BUSINESS PHONE:		8015663000

	MAIL ADDRESS:	
		STREET 1:		1206 W. SOUTH JORDAN PARKWAY UNIT B
		STREET 2:		UNIT B
		CITY:			SOUTH JORDAN
		STATE:			UT
		ZIP:			84092
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>fm4djc_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2005-08-02</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000351349</issuerCik>
        <issuerName>PIONEER OIL &amp; GAS</issuerName>
        <issuerTradingSymbol>PIOL</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001267643</rptOwnerCik>
            <rptOwnerName>COLTON DON JARED</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>2172 GAMBEL OAK DR</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>SANDY</rptOwnerCity>
            <rptOwnerState>UT</rptOwnerState>
            <rptOwnerZipCode>84092</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>President</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Qualified Stock Options</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>.20</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2005-08-02</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>M</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>120000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2001-08-10</value>
            </exerciseDate>
            <expirationDate>
                <value>2011-08-09</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Commom Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>120000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>120000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <remarks>Options granted under the Company's qualified incentive stock option plan.</remarks>

    <ownerSignature>
        <signatureName>Don J. Colton</signatureName>
        <signatureDate>2005-08-02</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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