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): June 1, 1999



                             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
                -------------------------------------------------
              (Address of principal executive offices) (Zip Code)



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





Item 5. Other Events.
- ---------------------

     Press  Release.  The press  release of the  Registrant  dated June 1, 1999,
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 June 1, 1999.



                                    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:  June 4, 1999                           PYR ENERGY CORPORATION



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

EX-99.1

                                  EXHIBIT 99.1


On June 1, 1999, the Registrant issued the following press release:


     "PYR REPORTS EAST LOST HILLS EXPLORATION WELL CONTROLLED

     DENVER -- PYR Energy  Corporation  (EBB: PYRX) today announced that the San
Joaquin Basin deep exploration well that blew out on November 23, 1998, has been
successfully  controlled.  The Operator of the well,  Elk Point  Resources  Inc.
(ELK.TO), issued the following news release:

     'East Lost Hills: Bellevue #1-17 Well Control Efforts Successful

     CALGARY,  ALBERTA--The Bellevue #1-17 well at East Lost Hills was confirmed
killed on  Saturday,  May 29,  1999.  Heavy mud and cement were  pumped  through
perforations  into the #1-17  wellbore from a relief well which had been drilled
to a depth of 16,668 feet. The Bellevue #1-17 well blew out on November 23, 1998
and had been flowing natural gas, liquid hydrocarbons and water into containment
facilities since December 1998.

     The Bellevue #1-17 wellbore will be plugged back and abandoned.  The relief
well  #1-17R  will be used to  sidetrack a  replacement  well into the  targeted
Temblor zone. It is estimated that drilling of the replacement  well, which will
be sidetracked from the relief wellbore at approximately  10,800 feet, will take
approximately 75 days.'

     Other  participants in the project include Berkley Petroleum Corp (BKP.TO),
Hilton  Petroleum Ltd (HTP.V),  Kookaburra  Resources  Ltd  (KOB.TO),  Paramount
Resources  Ltd  (POU.TO),  Richland  Petroleum  Corp  (RLP.TO)  and  Westminster
Resources Ltd (WML.TO)

     PYR also reports  that,  as of May 14, 1999,  the Company has completed its
previously  reported private  placement.  In addition to the $5,468,000  already
received, the Company has received an additional $1,532,000 under the same terms
and  conditions.  This final component  results in a total of $7,000,000  raised
through this private placement.

     The  purpose  of the  placement  is to  fund  additional  exploitation  and
development costs related to its East Lost Hills project, to fund the previously
reported  acquisition of carried working  interests in each of three  additional
deep San Joaquin Basin exploration  prospects purchased from Armstrong Resources
LLC of Denver,  for additional  exploration  activities in the San Joaquin Basin
and in the Rocky Mountains and for general and administrative expenses.

     Denver based PYR Energy is a natural gas and oil  exploration  company with
activities focused in the San Joaquin Basin of California and in select areas of
the Rocky Mountain region.

                                      # # #

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."