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): January 11, 2002



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



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



                1675 Broadway, Suite 2450, Denver, Colorado 80202
                -------------------------------------------------
               (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 January 11, 2002,
which is filed as an exhibit hereto, is incorporated herein by reference.


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

        (c) Exhibits.
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                                  Exhibit Index
                                  -------------

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

99.1       Press release dated January 11, 2002.



                                    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:  January 14, 2002              PYR ENERGY CORPORATION



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

EX-99.1

                                  EXHIBIT 99.1


On January 11, 2002, the Registrant issued the following press release:


       "PYR ENERGY REPORTS FINANCIAL RESULTS FOR THE FIRST FISCAL QUARTER
                            ENDED NOVEMBER 30, 2001

     DENVER -- PYR Energy Corporation (AMEX:PYR) today announced a net loss of
$357,436, or $.02 per share, for its first fiscal quarter ended November 30,
2001 as compared with a net loss of $147,218, or $.01 per share, for the
comparable quarter of the prior year.

     Also during the quarter, the Company recorded $46,256 in revenues from the
sale of oil and natural gas production, which, after lease operating expenses of
$25,167, resulted in $21,089 in net revenues from oil and gas operations. The
Company's production is solely from its ownership interest in the East Lost
Hills - ELH #1 well in the San Joaquin basin of California. The Company had
recorded no revenues or lease operating expenses associated with oil and gas
operations for its quarter ended November 30, 2000.

     General and administrative expenses were $324,143, and $254,248 for the
quarters ended November 30, 2001, and 2000, respectively. This difference
results primarily from increases in personnel, increases in salaries, costs
associated with the independent engineers' reserve report and an increase in
rent expense. During the quarter ended November 30, 2001, the Company recorded
an additional $113,544 of impairment expense for formation evaluation on the ELH
#3 well, final drilling and related costs for the ELH #2 and ELH #3 wells, and
delay rentals that were not included in the impairment calculation at August 31,
2001. The Company did not record an impairment in its quarter ended November 30,
2000.

     At November 30, 2001, the Company had cash of $7,660,808, working capital
of $6,122,291, total assets of $22,289,567, current liabilities of $2,843,186,
stockholders' equity of $19,446,381, and there were 23,691,357 common shares
outstanding.

     The Company is participating in four deep gas wells currently drilling in
the San Joaquin Basin of California.

     The ELH #4 well is currently drilling at a depth of approximately 20,000
feet in the lower Temblor on its way to its anticipated total depth of 20,500
feet. Casing has been successfully installed to a depth of approximately 19,500
feet. The ELH #9 well is currently at a depth of approximately 18,300 feet in
the upper Temblor on its way to the anticipated total depth of 21,000 feet. An
intermediate string of casing has been installed to a depth of approximately
17,600 feet. PYR owns a 12.12% working interest in each of the ELH #4 and ELH #9
wells, both of which are operated by Anadarko Petroleum Corporation.

     A third well currently drilling at East Lost Hills is the Aera Energy NWLH
1-22 well. This well is being sidetracked in order to drill into the Temblor in
a more favorable structural position. The sidetrack operations currently
underway involve using the existing well bore to a depth of approximately 14,100
feet and drilling a new sidetrack well bore to the anticipated total depth of
20,000 feet. PYR owns a 4.04% working interest in this well.




     An exploration well began drilling in the Pyramid Hills prospect on
November 22, 2001. This well, located in Section 9, T25S-R18E, Kings County,
California and operated by Anadarko Petroleum Corporation, is designed to test
the Temblor and the Point of Rocks formations to a total depth of approximately
18,500 feet. The well is currently drilling at approximately 14,100 feet and is
expected to test a new prospect that is not connected or directly related to the
East Lost Hills project. PYR owns a 3.75% working interest in this prospect and
will not be required to pay for any drilling or completion costs, as its
interest in the initial test well is carried through the tanks.

     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 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. 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."