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): September 25, 2006

RAM ENERGY RESOURCES, INC.

(Exact Name of Registrant as Specified in Charter)

Delaware	000-50682	20-0700684
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

5100 E. Skelly Drive, Suite 650, Tulsa, Oklahoma	74135
(Address of Principal Executive Offices)	(Zip Code)

Registrant’s telephone number, including area code: (918) 663-2800

______________________________________________________

(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):

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

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

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

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

Item 8.01Other Events

On September 22, 2006, the Registrant, through a wholly owned subsidiary, purchased 739,175 shares of its outstanding common stock from Amaranth, LLC in a privately negotiated transaction. The purchase price was $4.295 per share, including costs, and was funded from the Registrant’s cash on hand. The acquired shares will be held as treasury stock.

Item 9.01 Financial Statements and Exhibits.

(a)   Exhibits

Exhibit Number	Description
99.1	Press release dated September 22, 2006 regarding purchase of stock from Amaranth, LLC.

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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 hereunto duly authorized.

September 25, 2006 RAM ENERGY RESOURCES, INC.

By:	/s/ Larry E. Lee____________________
Name:  Larry E. Lee
Title:  Chief Executive Officer

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EX-10.1

For Immediate Release	For Further Information Contact:
Friday, September 22, 2006	Robert E. Phaneuf

Vice President - Corporate Development

(918) 632-0680

RAM ENERGY RESOURCES ANNOUNCES PURCHASE OF ITS

COMMON STOCK FROM AMARANTH LLC

Tulsa, Oklahoma - RAM Energy Resources, Inc. (Nasdaq: RAME) today announced the purchase of 739,175 shares of RAM Energy Resources, Inc. common stock from Amaranth LLC in a negotiated block sale transaction. The purchase price was a discount to yesterday's closing price of $4.70 per share. The purchase was effected through the company's wholly-owned subsidiary, RAM Energy, Inc. The purchased shares will be held as treasury stock by the company and are eligible for reissue by the company at its discretion. Purchase of the shares was funded with general corporate funds on hand. Larry Lee, RAM's Chairman and CEO, commented, "We feel that the repurchase of our common stock at current price levels represents an attractive use of our capital, expresses the level of confidence we have in our business plan, and will provide an opportunity to increase value for our shareholders. We also feel this repurchase of shares from Amaranth will eliminate any uncertainty associated with their previous ownership in RAM."

Forward-Looking Statements

This release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical facts, that address RAM's business plan, including, targeted production, planned capital spending, anticipated drilling activity, and events or developments that the company expects or believes are forward-looking statements. Although the company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include oil and gas prices, exploitation and exploration successes, actions taken and to be taken by the government as a result of political and economic conditions, continued availability of capital and financing, and general economic, market or business conditions as well as other risk factors described from time to time in the company's filings with the SEC. The company assumes no obligation to update publicly such forward-looking statements, whether as a result of new information, future events or otherwise.

RAM Energy Resources, Inc. is an independent energy company engaged in the acquisition, exploitation, exploration, and development of oil and gas properties and the marketing of crude oil and natural gas. Company headquarters are in Tulsa, Oklahoma, and its common shares are traded on the Nasdaq under the symbol RAME. For additional information, visit the company website at www.ramenergy.com.