Pioneer Oil & Gas Co., 6925 Union Park Center, reported record revenue before taxes of $2.2 million and record profits of $612,814 for the fiscal year ending Sept. 30, 1990, compared to revenue of $1.6 million and profits of $207,479 in the same period a year ago.

Don J. Colton, president, said the company profits after taxes increased from $143,479 to $373,814 and oil and gas revenue increased from $1 million to $1.2 million.He attributed the growth to the culmination of several projects during the year. Pioneer is continuing its aggressive exploration program with projects in Nevada and central Wyoming, he said.