TBX Resources, Inc. engages in the acquisition and development of oil and gas properties in the United States. It also provides contract services to an affiliate, Gulftex Operating, Inc. As of February 28, 2006, the company owned 23 wells located in east Texas, of which 5 were injection wells, 10 were oil producing wells, 5 wells were scheduled to be reworked and brought back into production, and 3 were shut-in wells; and had an interest in 2 wells located in Wise County, Texas. As of the above date, TBX Resources also had an interest in four producing and two inactive wells in Oklahoma. As of February 28, 2006, it had 56 partnership units in the Johnson No. 1-H., Johnson No, 2-H, and...