8-K

                                  UNITED STATES
                       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): October 20, 2005



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

          Maryland                       001-15511                95-4580642
          --------                       ---------                ----------
(State or other jurisdiction     (Commission File Number)       (IRS Employer
      of incorporation)                                      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


                                 Not Applicable
             -------------------------------------------------------
          (Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[ ]  Written communications pursuant to Rule 425 under the Securities Act (17
     CFR 230.425)

[ ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
     CFR 240.14a-12)

[ ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17 CFR 240.14d-2(b))

[ ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Act (17 CFR 240.13e-4(c))



Item 3.02     Unregistered Sales of Equity Securities

     On October 20, 2005, PYR Energy Corporation (the "Company") announced that
it has completed a private offering of an aggregate of 6,275,000 shares of the
Company's common stock to a limited number of accredited investors. The issuance
of the Shares is exempt pursuant to Sections 4(2) and 4(6) of the Securities Act
of 1933, as amended (the "Act"), including Rule 506 of Regulation D of the Act,
and is being made only to "accredited investors" as that term is defined under
the Act. Pursuant to the terms of the private offering, the Company agreed to
file, no later than 75 days after the date of the acceptance by the Company of
the first subscription to purchase shares in the private offering, a
registration statement with the Securities and Exchange Commission to register
the resale or other transfer of the Shares by the purchasers under the Act.

     As more fully described in the Company's Current Reports on Form 8-K filed
with the Securities and Exchange Commission on October 5, 2005 and October 13,
2005, the Company had sold an aggregate of 5,375,000 Shares pursuant to the
Private Offering as of October 6, 2005. On October 20, 2005, the Company closed
on the sale of an additional 900,000 Shares at a price per Share of $1.30 to a
total of seven accredited investors for a total aggregate purchase price of
$1,170,000. These purchasers also are entitled to the registration rights
described above.

     The Company is obligated to pay commissions in the form of $102,375 and
warrants to purchase 52,500 shares of the Company's common stock in connection
with the private offering. The warrants and commissions were paid only with
respect to sales made on or after October 6, 2005.

     The Company anticipates that the proceeds from the Private Offering will be
used for oil and gas exploration, development and acquisition activities
including drilling both exploration and development prospects, possible shooting
and/or acquisition of seismic data, and possible acquisition of undeveloped
and/or development acreage and working capital.

Item 7.01     Regulation FD Disclosure

     On October 20, 2005, the Company issued a press release entitled "PYR
Energy Completes $8.157 Million Private Equity Placement; Provides Operations
Update." The release is attached at Exhibit 99.1

Item 9.01     Financial Statements and Exhibits

     Exhibits. The following exhibits are filed herewith:

          99.1 PYR Energy Completes $8.157 Million Private Equity Placement;
Provides Operations Update





                                   SIGNATURES
                                   ----------

     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 thereunto duly authorized.


Date:  October 26, 2005                      PYR ENERGY CORPORATION



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

EX-99.1

                                                                    EXHIBIT 99.1

PYR ENERGY
CORPORATION

                                  NEWS RELEASE
                                October 20, 2005

          PYR ENERGY COMPLETES $8.157 MILLION PRIVATE EQUITY PLACEMENT
                           PROVIDES OPERATIONS UPDATE

     DENVER - PYR Energy Corporation (AMEX:PYR) today reported an update on
Company operations, as well as announced the completion of a Private Equity
Placement.

     The Company has completed a Private Equity Placement which raised
$8,157,500 in gross proceeds. The Private Equity Placement consisted of the sale
of 6.275 million shares of common stock, priced at $1.30 per share, to a group
of institutional and accredited individual investors. Proceeds from the
Placement will be used for general corporate purposes and costs associated with
PYR's development drilling portfolio. The shares purchased in the Private
Placement have not been registered under the Securities Act of 1933, and the
Company is required to file a registration statement covering the resale of
these shares.

     At the Mallard prospect, in Uinta County, Wyoming, the #1-30 Duck Federal
well has reached total measured depth of approximately 15,110 feet in the
Lodgepole Formation. Based on analysis of drilling results, the top of the
Mission Canyon was encountered at approximately 13,830 feet with the Main
Porosity Zone (`MPZ') being encountered approximately 700 feet high to the
field-wide recognized and published gas/water contact (-7382' Z). During
drilling, observation of rapid drilling rates, lost circulation zones, and
mudlog shows are suggestive of potential reservoir development within the
Mission Canyon MPZ. The well is currently being prepared to run open-hole
wireline logs to evaluate reservoir development and potential pay. Once all data
is collected and analyzed a decision will be made regarding running casing to
total depth and attempting a completion of the well. PYR is participating in the
well with a 28.75% working interest.

     The Chism #1 well (Tortuga Grande Prospect) is currently undergoing
completion activities. The Company is participating in the completion of the
Travis Peak and Rodessa with its 28.57% working interest. Multiple zones of
interest in the Travis Peak have been perforated and fracture stimulation
operations have commenced. Once the Travis Peak has been adequately evaluated,
the Rodessa will be tested. Results from the testing of both zones will be
released after adequate flow-back and evaluation. PYR and its partners control
approximately 9,800 acres of leasehold in the project.

     At the Hansford Project in the Texas Panhandle, the Lackey Gas Unit #2 well
is anticipated to begin drilling operations within the next week. The Company is
participating in the drilling of this PUD location with a 47.16% non-operated
working interest. The Company believes that numerous additional PUD locations
are present within the project area and anticipates drilling several wells
within the next year.

     At the Wilburton Field in Oklahoma, the Schraff #5-1 well began drilling
operations on September 13, 2005 and is currently drilling ahead below 12,000
feet after setting intermediate casing. The Company is participating in the
drilling of the well with a 2.42% non-operated working interest. The Scharff
#5-1 offsets the Scharff #4-1, which was recently completed, and is currently
producing in excess of 25 MMcf per day.



     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. At the current time, PYR's activities are focused in select areas
of the Rocky Mountain region, East Texas, and the Gulf Coast. 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.


Contact:

Scott Singdahlsen, President
1675 Broadway, Suite 2450
Denver, CO  80202
303.825.3748
Fax: 303.825.3768