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 20, 2001



                             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 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




Item 5. Other Events.
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     Press Release. The press release of the Registrant dated March 20, 2001,
which is filed as an exhibit hereto, is incorporated herein by reference.


Item 7. Financial Statements And Exhibits.
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     (c) Exhibits.
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                                  Exhibit Index

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

99.1              Press release dated March 20, 2001.



                                    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 21, 2001                  PYR ENERGY CORPORATION



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

EX-99.1

                                  EXHIBIT 99.1


On March 20, 2001, the Registrant issued the following press release:


                 "PYR ENERGY ANNOUNCES PRELIMINARY TEST RESULTS
                          FOR EAST LOST HILLS # 2 WELL

     PYR Energy (AMEX: PYR) today announced preliminary test results for the
East Lost Hills #2 well in the San Joaquin basin. Thus far, the well has
performed with limited wellbore influx of hydrocarbons (approximate flow rate of
3 MMcf/day) high fluid content and poorer than expected pressure response.

     Preliminary test data suggest that the fracture zone previously intercepted
during drilling, which was the primary target of the completion attempt, is not
currently contributing to the well flow. This zone is of particular interest
because of abundant lost circulation and significant flaring encountered during
drilling. It is unclear whether this condition results from a lack of
perforation penetration depth or reservoir damage due to plugging of the
fracture system with drilling and completion materials, or both. The well was
initially perforated for production testing on March 10th. Reperforation of the
completion zone on March 12th and 13th failed to improve the wellbore influx and
pressure response of the well. Anomalously low produced fluid temperatures
during early testing also may suggest significant behind pipe channeling of
fluid into the wellbore. Additional methods to stimulate the well to improve
flow rates are currently being evaluated.

     Scott Singdahlsen, President and CEO of PYR stated: "While we are
disappointed that the preliminary test results are not definitive, we believe
that mechanical issues are prohibiting us from accurately testing the real
potential productivity of the upper Temblor zones in the current wellbore. The
zone currently being tested at the #2 well is separate and distinct from that of
the lower productive zone at the ELH #1 well. These zones are stratigraphically
separated by approximately 2,000 vertical feet." Final well test results will be
released upon completion of data gathering and analysis.

     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. 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."