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): April 5, 2004



                             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.
- ---------------------

     Press Release. The press release of the Registrant dated April 5, 2004,
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 April 5, 2004.



                                    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:  April 5, 2004                       PYR ENERGY CORPORATION



                                           By: /s/ D. Scott Singdahlsen
                                           -------------------------------------
                                            D. Scott Singdahlsen
                                           Chief Executive Officer

EX-99.1

                                  EXHIBIT 99.1

On April 5, 2004, the Registrant issued the following press release:

    "PYR Energy Announces Acquisition of Assets From Venus Exploration, Inc.

     Three Exploration/Exploitation Projects Scheduled to Commence Drilling
                         Operations within Next 45 Days

     DENVER - PYR Energy Corporation (AMEX:PYR) today announced that the Company
has agreed to acquire substantially all the assets of Venus Exploration, Inc.,
which is currently under the supervision of the United States Bankruptcy Court
in the Eastern District of Texas. The Court will soon issue the final Order of
Sale and the acquisition will close on or before May 3, 2004, with an effective
date of January 1, 2004. PYR and Venus have signed a definitive Purchase and
Sale Agreement, and the total purchase price is $3,225,000, subject to final
adjustments at closing. The purchase provides for a net profits interest payable
to the Venus Exploration Trust. The net profits interest, which applies only to
the exploration and exploitation projects on the Venus acreage being acquired,
varies from 25% to 50% with respect to different Venus exploration and
exploitation project areas, and decreases by one-half of its original amount
after a total of $3,300,000 in proceeds has been paid to the Trust.

     Assets in the acquisition include producing oil and gas properties,
exploitation and exploration drilling projects, and exploration acreage.
Producing assets include both operated and non-operated properties. Current net
production from the acquired properties is approximately 980 Mcfe per day, with
estimated `Total Proved' reserves of 4.667 Bcfe and estimated PV-10 of
$5,819,000 based on the Company's consulting engineering estimates using flat
pricing of $28/bbl and $4.50/mcf. Acquired reserves are approximately 65% oil by
volume. Given the final estimated purchase price, total `Proved' reserves were
purchased at $0.68/mcfe and the total `Proved Developed' reserves were purchased
at $1.02/mcfe.

     A total of seven leased natural gas exploration and exploitation proposed
projects are included in the asset acquisition. Of this total, three projects
are pre-sold to industry partners and are scheduled to begin drilling operations
within the next 45 days. These projects include the Tortuga Grande Prospect in
Smith County, Texas, and the Nome and Madison Prospects in Jefferson County,
Texas. PYR will have no capital costs associated with the initial testing of
each of these three projects.

     The Tortuga Grande prospect is a test of the potential in the Cotton Valley
Sand in a large structure in East Texas. The project involves the re-entry of a
well drilled in the mid-1980's that encountered gas shows and non-commercial
production from a thick sand section in the Cotton Valley, but was never
fracture stimulated. A multi-stage fracture stimulation treatment is planned to
evaluate the productive potential of the feature. If the fracture treatment
proves successful, of which there is no assurance, multiple additional
development locations would be available to the Company. PYR will have a 10%
carried interest through the tanks, with an additional 10% working interest
after well payout on the initial test well. In any additional locations within
the project Area of Mutual Interest, PYR will participate with a cost bearing
20% working interest. PYR currently controls approximately 5900 gross and net
acres of leasehold in the project.

     Both the Nome and Madison prospects are located within the expanded Yegua
fairway along the Gulf Coast of Texas. The Nome Field was discovered in 1994,
and our interpretation of subsequently acquired 3D seismic over the field
indicates the presence of numerous undeveloped fault blocks. Multiple structural
closures and associated bright spot locations have been identified at Nome based
on the 3D seismic, and PYR will be carried for an 8.33% working interest, after
project payout, in the project. At Madison, PYR owns a 0.5% overriding royalty
interest that converts to a 12.5% working interest in the project after payout
of the initial test well. This exploitation project in the northern portion of
the Constitution Field will test multiple intervals within the expanded Yegua
sand section, structurally high to existing field production.



     Scott Singdahlsen, PYR Energy Chief Executive Officer, stated: "We are
extremely pleased with the Venus asset purchase. We believe that it gives us a
solid production base while providing additional upside reserve and cash flow
potential in its exploitation and exploration portfolio. San Antonio based Venus
has a long history in East Texas and the Gulf Coast. The Venus technical team
has been together for more than 20 years, and provides us with a solid presence
in the Gulf Coast and interior Texas basins. Based on the significant
exploitation and exploration experience of the Venus team as well as their data
base of ongoing geologic ideas, I am confident in my belief that the Venus
acquisition will accomplish one of our main corporate strategic goals of
providing diversification to our overall program risk profile, complementing our
ongoing high impact exploration program."

     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 select areas of the Rocky
Mountain region as well as continued involvement San Joaquin Basin of
California. 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."