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Oregon Rodeo Bull Won't Be Put Down Following Rampage, Officials Say

ESCAPE INTO THE CROWD AP

The bull that went on a wild rampage at an Oregon rodeo on Saturday night will NOT be euthanized ... TMZ Sports has learned it's been sent back to its home ranch instead.

Brian Witt -- VP of Sisters Rodeo -- tells us the plan is for the animal, nicknamed "Party Bus," to receive further training at the farm to prevent a similar incident in the future. Witt says the bull will take the rest of the year off from bucking ... and if it receives proper clearance, it could potentially return to shows at a later date.