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 30, 1999



                             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 1150, 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 30, 1999,
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 30, 1999.



                                    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 30, 1999                           PYR ENERGY CORPORATION



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

EX-99.1

                                  EXHIBIT 99.1


On April 30, 1999, the Registrant issued the following press release:

            "PYR ENERGY RECEIVES $5,468,000 THROUGH PRIVATE PLACEMENT

     DENVER -- PYR Energy  Corporation (EBB: PYRX) today announced receipt of an
aggregate  $5,468,000 of private placement funding through the sale of 3,417,500
shares of the Company's  common stock and 341,750 5-year warrants to purchase an
additional share of the Company's Common Stock at a price of $2.50.

     The securities sold in the private placement have not been registered under
the Securities Act of 1933 and may not be offered or sold absent registration or
an applicable exemption from the registration requirements of the Securities Act
of 1933. Within 60 days of completing the private placement, the Company intends
to file a registration statement covering the possible resale of the shares.

     The purpose of the private  placement  is to provide the Company with funds
for a combination of exploitation and development costs related to its East Lost
Hills project in the San Joaquin Basin of California, for additional exploration
opportunities  in the  San  Joaquin  Basin  and in  select  areas  of the  Rocky
Mountains, and for general and administrative expenses.

     The Company also reports that  consummation  of this portion of the private
placement means that, upon  presentation of an updated balance sheet showing the
private placement funding,  the Company's common stock will no longer be defined
as a "penny stock" and therefore open market  transactions in the stock will not
be subject to the brokers' sales practice requirements for low-priced securities
that are set forth in Rule 15g-9 promulgated  under the Securities  Exchange Act
of 1934.

     PYR  intends  to close  on the sale of  approximately  $1  million  to $1.5
million of additional shares and warrants on or before May 14, 1999, pursuant to
the same private  placement terms.  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.

                                      # # #

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."