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 14, 2003



                             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 14, 2003,
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  January 14, 2003.



                                    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, 2003                    PYR ENERGY CORPORATION



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

EX-99.1

                                  EXHIBIT 99.1


On January 14, 2003, the Registrant issued the following press release:

       "PYR ENERGY REPORTS FINANCIAL RESULTS FOR ITS FIRST FISCAL QUARTER
                            ENDED NOVEMBER 30, 2002

     DENVER -- PYR Energy Corporation (AMEX:PYR) today announced a net loss of
$836,373, or $.04 per share, for its first fiscal quarter ended November 30,
2002, as compared with a net loss of $357,436, or $.02 per share, for the
comparable quarter of the prior year. The increase in net loss is primarily from
an increase in impairment charge and also from an increase in interest expense
over the prior year period.

     The Company recorded a non-cash impairment of $479,668 for the quarter
ended November 30, 2002 for oil and gas capital costs, primarily at the East
Lost Hills project. This compares to an impairment of $113,544 recorded for the
quarter ended November 30, 2001. During the quarter ended November 30, 2002, the
Company incurred $75,566 in interest expense on outstanding convertible notes
that were issued on May 24, 2002. No interest expense was recorded during the
quarter ended November 30, 2001.

     During the quarter ended November 30, 2002, the Company recorded $36,890
from the sale of 10,947 mcf of natural gas for an average price of $3.37 per mcf
and $10,654 from the sale of 452 bbls of hydrocarbon liquids for an average
price of $23.57 per barrel. For the prior year corresponding quarter ended
November 30, 2001, the Company recorded $20,995 from the sale of 8,985 mcf of
natural gas for an average price of $2.34 per mcf and $8,700 from the sale of
485 bbls of hydrocarbon liquids for an average price of $17.94 per barrel. Lease
operating expenses were $21,037 and $25,167 for the quarters ended November 30,
2002 and 2001, respectively. Oil and gas operations are from PYR's 12.12%
working interest in its only producing well, the East Lost Hills ELH #1 well.

     At November 30, 2002, the Company had cash of $5,739,191, working capital
of $5,136,128 total assets of $12,904,142, current liabilities of $721,111,
long-term debt of $6,151,751 in the form of convertible notes, stockholders'
equity of $6,031,280, and there were 23,701,357 common shares outstanding.

     Operationally, the Company has determined to limit capital expenditures at
the East Lost Hills project, where no additional exploration or development
proposals have been made. "If additional operations at East Lost Hills are
proposed, we will carefully evaluate to what extent, if any, we will participate
in those operations," stated CEO Scott Singdahlsen.

     At the California Pyramid Power project, the operator Oxy Lost Hills, Inc.,
a wholly owned subsidiary of Occidental Petroleum Corp., reports that completion
operations commenced during December 2002, and production testing should
commence during January, 2003.

     PYR also is planning to undertake the drilling of initial test wells in up
to five exploration projects the Company owns in both California and Wyoming
during calendar 2003.



     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."