Texhoma Energy, Inc.
PINK SHEETS : TXHE

Texhoma Energy, Inc.

November 30, 2006 14:48 ET

Texhoma Energy, Inc.: Buck Snag Drilling has Begun

HOUSTON, TEXAS--(CCNMatthews - Nov. 30, 2006) - Texhoma Energy, Inc. ("Texhoma") (PINK SHEETS:TXHE) is pleased to announce that the operator, Sunray Operating Company LLC ("Sunray"), has commenced drilling of the Schiurring No. 2 well at the Buck Snag prospect in Colorado County, Texas, ahead of schedule. Sunray estimates the cost to drill to 4,400' to be $352,950. Texhoma has divested its 37.5% working interest in the Buck Snag Project and retains a 12.5% back-in working interest after payout. As a result, Texhoma will be carried for the drilling and completion of the Schiurring No. 2 at no cost.

Safe Harbor Statement: "This News Release may include forward-looking statements within the meaning of section 27A of the United States Securities Act of 1933, as amended, and section 21E of the United States Securities and Exchange Act of 1934, as amended, with respect to corporate objectives, projections, estimates, operations, acquisition and development of various interests and certain other matters. These statements are made under the "Safe Harbor" provisions of the United States Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein."

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