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): March 19, 1998
                                                          --------------


                             PYR Energy Corporation
              ----------------------------------------------------
             (Exact name of registrant as specified in its charter)



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



                1675 Broadway, Suite 1150, Denver, Colorado 80202
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              (Address of principal executive offices) (Zip Code)



        Registrant's telephone number, including area code (303) 825-3748
                                                            -------------






Item 5. Other Events.
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     Press Release.  The press release of the  Registrant  dated March 19, 1998,
which is filed as an exhibit hereto, is incorporated herein by reference.

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

     (c) Exhibits.

                                  Exhibit Index
                                  -------------

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

99.1              Press release dated March 19, 1998.



                                    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:  March 25, 1998                      PYR ENERGY CORPORATION


 
                                            By:  /s/  Andrew P. Calerich
                                                 -------------------------------
                                                 Andrew P. Calerich
                                                 Chief Financial Officer

EX-99.1

                                  EXHIBIT 99.1


On March 19, 1998, the Registrant issued the following press release:

              "PYR ENERGY SUCCESSFULLY ADDS TO CALIFORNIA ACREAGE,
                 COMMENCES 3-D SEISMIC ACQUISITION IN CALIFORNIA
                 -----------------------------------------------


     DENVER - PYR Energy  Corporation (OTC EBB: PYRX) announced today it was the
high bidder on four  parcels  covering  3,529 acres in the  southern San Joaquin
Basin at the recent Bureau of Land  Management  (BLM) lease sale in Bakersfield,
Calif.  Acreage  controlled  by PYR through  lease or option in  California  now
totals approximately 65,000 gross acres.

     The Company also has started  acquisition of 50 square miles of 3-D seismic
data over its  Southeast  Maricopa  exploration  project in Kern County,  Calif.
Western  Geophysical is acting as seismic  contractor for the data  acquisition.
The Company  expects the 3-D seismic  data  acquisition  will take from 45 to 60
days to complete.

     Scott  Singdahlsen,  president of PYR Energy Corporation said, "We continue
to progress with our exploration  efforts at School Road and Southeast Maricopa.
The successful  leasing of the BLM acreage and  commencement  of the 3-D seismic
acquisition  are  critical  components  in the  evaluation  of our  'light  oil'
prospects  in the  southern  San Joaquin  Basin.  Contrary  to the better  known
heavy-oil  projects  synonymous  to this part of  California,  we are  purposely
exploring for oil that is in the 28 to 42 degree API gravity range."

     PYR  previously  announced  the signing of a joint venture  agreement  with
industry partners to drill its Mastiff prospect,  an 18,500-foot wildcat test at
East Lost Hills.  This well is expected to spud early in the  second-quarter  of
1998.

     PYR Energy  Corporation  applies  advanced  3-D seismic and  computer-aided
exploration  technologies to systematically  explore for and exploit onshore oil
and natural gas accumulations in the western United States.


                                      # # #

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."