Because of its location near the 100th Meridian, the town was surveyed eight different times, which meant that some early residents lived in both Texas and Oklahoma without ever moving.

[7] A post office was established in the community on December 12, 1901, with Reuben H. Grimes serving as the first postmaster.

In 1902, the Choctaw, Oklahoma and Gulf Railroad (later owned by the Chicago, Rock Island and Pacific Railway) was built through the town.

A weekly newspaper, the Texola Herald, began publishing in 1902 and continued to operate into the early 1920s.

As the town prospered, amenities such as a ten-acre park and an auditorium capable of seating 300 people were found in the community.

When the next census was conducted in 1990, Texola had lost nearly 58 percent of its population, leaving just 45 people in the town.

[12] It was constructed in the late 1800s out of cinderblock, and consists of a single room with an iron-barred door and window.

[12] According to the United States Census Bureau, the town has a total area of 0.6 square miles (1.6 km2), all land.

[13] U.S. Route 66 passed through the town, bringing scores of travelers for decades, until I-40 was completed to the north in 1975.