8-K

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


         Date of Report (Date of earliest event reported): May 12, 2004
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                             PYR Energy Corporation
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             (Exact name of registrant as specified in its charter)


             Maryland                 0-20879                    95-4580642
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  (State or other jurisdiction    (Commission File         (IRS Employer
   of incorporation)               Number)                  Identification No.)


                1675 Broadway, Suite 2450, Denver, Colorado 80202
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               (Address of principal executive offices) (Zip Code)


        Registrant's telephone number, including area code (303) 825-3748
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Item 5. Other Events.
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     Press Release. The press release of the Registrant dated May 12, 2004,
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which is filed as an exhibit hereto, is incorporated herein by reference.


Item 7.  Financial Statements And Exhibits.
         ---------------------------------

         (c) Exhibits.

                                  Exhibit Index
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Exhibit
Number            Description
- ------            -----------

99.1              Press release dated May 12, 2004.



                                    SIGNATURE

     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 hereunto duly authorized.


Date:  May 13, 2004                PYR ENERGY CORPORATION



                                   By:  /s/ D. Scott Singdahlsen
                                      ------------------------------------------
                                        D. Scott Singdahlsen
                                        Chief Executive Officer

EX-99.1

                                  EXHIBIT 99.1

On May 12, 2004, the Registrant issued the following press release:

           "PYR ENERGY CLOSES ACQUISITION OF VENUS EXPLORATION ASSETS
                         UPDATES OPERATIONAL ACTIVITIES

     DENVER - PYR Energy Corporation (AMEX:PYR) today announced that the Company
has closed on its acquisition of substantially all the assets of Venus
Exploration Inc., with an effective date of January 1, 2004. The total purchase
price was $3,205,000, subject to adjustments at closing. Assets in the
acquisition include producing oil and gas properties, exploitation drilling
projects, and exploration acreage. Producing assets include both operated and
non-operated properties.

     As previously announced, seven leased natural gas exploration and
exploitation proposed projects are included in the asset acquisition. The
purchase provides for a net profits interest payable to the Venus Exploration
Trust on these identified exploration and exploitation projects. The net profits
interest varies from 25% to 50% with respect to different Venus exploration and
exploitation projects areas, and decreases by one-half of its original amount
after a total of $3,300,000 in proceeds has been paid to the Trust. Three of the
exploration and exploitation projects are currently underway. These projects
include the Tortuga Grande Prospect in Smith County, Texas, and the Nome and
Madison Prospects in Jefferson County, Texas. PYR will have no capital costs
associated with the initial test well of each of these three projects.

Operational Update:

     In East Texas, the Tortuga Grande prospect has reached total depth, and
fracture stimulation of multiple Cotton Valley sandstone intervals is planned
for the next few weeks. PYR owns a 10% carried interest through the tanks, with
an additional 10% working interest after well payout on the initial test well.
PYR and its partners currently control approximately 5900 gross and net acres of
leasehold. Typical Cotton Valley Sand development drilling is occurring on 80
acre spacing. PYR believes that the acreage position at Tortuga Grande provides
PYR and its partners significant additional drilling locations if the initial
fracture stimulation proves economically successful, which cannot be assured. In
any additional locations within the project Area of Mutual Interest, PYR will
participate with a cost bearing 20% working interest.

     Along the Texas Gulf Coast, PYR has two projects currently underway in the
expanded Yegua fairway. At Nome, the operator has reached total depth, and
testing of the Yegua section is planned shortly. PYR owns an average 1.5%
overriding royalty interest across the approximately 4200 acre leasehold. After
project payout at Nome, PYR will earn an additional 8.33% working interest. At
the Madison prospect, the initial test well is drilling ahead at approximately
10, 900 feet, after having cut a window in the casing at 9200 feet, and
sidetracked out of the existing wellbore. Target depth is approximately 15,200
feet. PYR owns a 0.5% overriding royalty interest that converts to a 12.5%
working interest in the project after payout of the initial test well.

     In southeast Alberta, PYR is a 5% working interest partner in a joint
venture that is attempting to locate and develop potentially bypassed shallow
gas reserves. The first recompletion well in the program has been re-entered,
tested, and completed as productive. The operator is currently installing water
disposal equipment at the wellsite. It is anticipated that the well will begin
gas sales by the end of the month. The joint venture has leased additional
prospective opportunities, and current plans call for the recompletion or
drilling, before year-end, of an additional 5 to 10 locations in the area of
mutual interest. Ongoing evaluation of geological and engineering data may
result in additional opportunities being identified and pursued for acquisition.

     In the Wyoming Overthrust, it is currently anticipated that the Mallard
prospect, testing potential Mission Canyon productivity adjacent to the Whitney
Canyon-Carter Creek Field, will begin drilling in mid-summer subject to rig
availability. The operator is currently negotiating a contract with a drilling
company and construction of the drilling location should commence within the
next month. PYR will participate in the drilling of the Mallard prospect with a
5% working interest, and will be carried to casing point in the initial test
well for an additional 23.75% working interest. In any subsequent wells drilled
on the prospect, PYR will participate with a cost bearing 28.75% working
interest.



     Denver based PYR Energy is an independent oil and gas company primarily
engaged in the exploration for and the development and production of natural gas
and crude oil. PYR's activities are focused in select areas of the Rocky
Mountain region, the San Joaquin Basin of California, East Texas, and the Gulf
Coast. Additional information about PYR Energy Corporation can be accessed via
the Company's web site at www.pyrenergy.com.


                                      # # #

     This release contains forward-looking statements regarding PYR Energy
Corporation's future plans and expected performance based on assumptions the
Company believes to be reasonable. A number of risks and uncertainties could
cause actual results to differ materially from these statements, including,
without limitation, the success rate of exploration efforts and the timeliness
of development activities, fluctuations in oil and gas prices, and other risk
factors described from time to time in the Company's reports filed with the SEC.
In addition, the Company operates in an industry sector where securities values
are highly volatile and may be influenced by economic and other factors beyond
the Company's control. This press release includes the opinions of PYR Energy
and does not necessarily include the views of any other person or entity. This
release may not have been reviewed or approved by the operator and/ or
participants in any of the projects discussed."