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): July 16, 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 July 16, 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 July 16, 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:  July 19, 1999                        PYR ENERGY CORPORATION



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

EX-99.1

                                  EXHIBIT 99.1


On July 16, 1999, the Registrant issued the following press release:


              " PYR ENERGY REPORTS THIRD QUARTER FINANCIAL RESULTS

     DENVER -- PYR Energy  Corporation  (EBB: PYRX) today announced that for its
third  quarter  ended May 31, 1999,  the Company had a net loss of ($237,891) or
($.023) per common share,  compared with a net loss of ($164,392) or ($.018) per
common share for the corresponding third quarter ended May 31, 1998. In the nine
months  ended May 31, 1999,  the Company  reported a net loss of  ($659,192)  or
($.068) per common share compared with net income of $50,843 or $.006 per common
share for the corresponding nine month period ended May 31, 1998.

     The difference in the 1999 and 1998 third quarters  results  primarily from
interest expense  recorded in 1999 associated with  convertible  debentures that
were issued during fiscal 1999.  The  difference  between the nine month periods
ended May 31,  1999 and 1998  results  from  interest on the  convertible  notes
recorded in the nine months  ended May 31, 1999 and from a $556,000  gain on the
sale of  partial  interests  in an  undeveloped  oil and gas  prospect  that was
recorded  during the nine  months  ended May 31,  1998.  The  Company has had no
revenues from the sale of oil or natural gas production.

     General and administrative  expenses  associated with the Company's efforts
to pursue  primarily its California  exploration  projects  totaled $216,359 and
$528,433 for the quarter and nine months ended May 31, 1999, respectively.  This
compares to $163,343 and  $524,633  for the third  quarter and nine months ended
May 31, 1998, respectively.

     At May 31,  1999,  the  Company  had cash of  $6,517,262,  total  assets of
$11,179,781,  current liabilities of $138,001 and total stockholders'  equity of
$11,040,302.  Other  than a $1,478  obligation  under  capital  lease for office
equipment,  the Company has no outstanding long-term debt. There were 14,068,670
common shares outstanding at May 31, 1999.

     During the quarter  ended May 31,  1999,  the Company  received  $7,000,000
(less  commissions,  fees and  related  expenses  of  approximately  $92,000) of
private  placement  funding  through the sale of 4,375,000  shares of its common
stock and  437,500  5-year  warrants  to  purchase  an  additional  share of the
Company's  common stock at an exercise price of $2.50.  These funds will be used
primarily for  additional  costs  associated  with the Company's East Lost Hills
project,  costs for  additional  projects in the San Joaquin Basin of California
and in certain areas of the Rocky Mountains,  and for general and administrative
expenses.

     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."