Texas Comics was just one of the myriad comics companies that popped up during the 80's rush that developed after the advent of the direct sales market. The stands were besotted with all sorts of start-ups and wannabes, most all of them featuring superheroes. Texas Comics produced exactly one comic, but it was a whopper featuring an eye-popping wraparound cover by Michael Golden The comic co-starred The Justice Machine and the T.HU.N.D.E.R. Agents, and debuted the Elementals. This was a one-shot Indy that delivered.
The Justice Machine created by Bob Gustovich had a run at Noble Comics, but were licensed to the Texas Comics boys. Later they showed up at Comico, Innovation, and others.
The T.H.U.N.D.E.R. Agents had a venerable career extending back to the 60's and Tower Comics. They were revived in the early 80's by John Carbonaro in his JC Comics and later by Deluxe Comics. The latter caused quite a stink which resulted in litigation lasting years, and which kept the Agents off the racks for decades.
Perhaps the the most notable achievement of the Texas Comics experiment was the debut of The Elementals created by Bill Willingham. They were picked up by Comico and proved to be a sturdy superteam, surviving well into the 90's under various imprints.