Population and location
The population in 1996 was estimated at less than 10. At its peak in 1933, the town had approximately 1,200 inhabitants. The town is located in Reagan County. It is 3 /10 mile (0.5 km) south of U.S. Route 67 on RM 1675.  It is 85 miles west of San Angelo, Texas. Texon was served by the Kansas City, Mexico and Orient Railway.
The town originates from May 23, 1923, when oil was discovered. The town was named for the Texon Oil and Land Company, which drilled the first successful oil well in the Permian Basin. On December 4, 1928, under the supervision of Carl G. Cromwell, Texon Oil discovered the Santa Rita University 1-B, at that time the world's deepest well at 8,525 feet. Texon Oil and Land Company developed the Santa Rita oil field. Texon’s leases were subsequently purchased by M. L. "Mike" Benedum and Joe Trees of Pittsburgh, who formed the Big Lake Oil Company.
Texon was considered a model oil community. A grade school, a church, a hospital, a theater, a swimming pool, a golf course, and tennis courts were built by the Big Lake Oil Company. The Texon Oilers, a semi-professional baseball team, were started. Privately owned businesses appeared, including a drug store, a cafe, a boarding house, a tailor-shop, dry-goods and grocery stores, barber and beauty shops, a service station, a dairy, an ice house, and a bowling alley.
Ownership passed on to successive oil companies including Plymouth Oil Company (in 1956) and Ohio Oil (now Marathon Oil) in 1962, which chose not to maintain the town that had at that time 100 residents. In 1986, the post office was closed. Texon was the birthplace of Native American actor Victor Aaron.
There are historical markers in the town. There are new reflective type street signs and new mailboxes. There is also some activity in some of the oil wells.
- Jane Spraggins Wilson. "Handbook of Texas Online – TEXON, TX". Texas State Historical Association. Retrieved January 22, 2008.
- John Troesser. "Texon, a West Texas Ghost Town.". Texas Escapes – Blueprints For Travel, LLC. Retrieved January 22, 2008.
- Henry Chenoweth. "Texon – Texas Ghost Town". Atjeu LLC. Retrieved January 22, 2008.
- County Mapbook 2010 (PDF). Texas Department of Transportation. December 31, 2009. p. 199. Retrieved July 25, 2011.
- Today in Texas History: Carl G. Cromwell drills world's deepest oil well