The Texas and Oklahoma Railroad Company was incorporated on May 15, 1902, under the laws of the Oklahoma Territory.[1] In that year, the railway constructed track from Coalgate to a point about 40 miles northwest of that town.[1] On December 12, 1903, the railway was consolidated with the Missouri, Kansas and Oklahoma Railroad Company (of 1901) to form the new Missouri, Kansas and Oklahoma Railroad Company (of 1903).[1] The latter built 78 miles of rails from the end of T&O's tracks into Oklahoma City.[1] The physical assets of that entity were sold June 30, 1904 to the Missouri, Kansas and Texas Railway Company.[1]
In subsequent history, while the Missouri, Kansas and Texas Railway Company was merged into the Missouri-Kansas-Texas Railway (Katy) in 1922, the trackage between Oklahoma City and Coalgate was not part of the reorganized company.[1][2] Instead, that line was sold in 1923 to a Mr. H. R. Hudson, who took the trackage, together with leased trackage between Coalgate and Atoka, Oklahoma built by another affiliate, to create the Oklahoma City–Ada–Atoka Railway.[2] That line become one of the Muskogee Roads in 1929, and was in turn sold to the Missouri Pacific Railway's Texas and Pacific Railway subsidiary in 1964.[2] Said trackage was subsequently sold to the Atchison, Topeka and Santa Fe Railway.[2] The entire line between Oklahoma City and Atoka was later abandoned.[2]
This railway is not to be confused with another company of the same name, the Texas and Oklahoma Railroad incorporated in 1991.[3] That line originally had trackage in both Oklahoma and Texas, but has since been shortened to a route between Sweetwater and Maryneal in Texas.[3][4][5]