UNITED ~~STATESSECURITIES~~STATES SECURITIES AND EXCHANGE ~~COMMISSIONWashington, D.C.~~COMMISSION ~~20549~~

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(Dd) of ~~OF THE~~ the SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): ~~January 23~~June 8, 2007

TERAX ENERGY, INC.~~(Exact~~ ~~name of registrant as specified in its charter)~~

Nevada	333-72230	88-0475757
(State or other	(Commission File	(IRS Employer
jurisdiction of	Number)	Identification No.)
incorporation)

(Exact name of registrant as specified in its charter)

~~13355 Noel Road, 1370 One Galleria Tower, Dallas, TC~~Nevada ~~75240~~(~~Address~~State ofor ~~principal~~other ~~executive~~jurisdiction ~~offices)~~of ~~(Zip~~incorporation ~~Code)~~or organization)

~~Registrant's~~333-72230 ~~telephone~~(Commission ~~number,~~File ~~including~~Number) ~~area~~88-045757 ~~code~~ (~~214~~IRS Employer Identification Number) ~~503-0900~~

~~Copy~~13355 Noel Road, 1370 Galleria Tower, Dallas, Texas 75240 (Address of ~~correspondence~~principal ~~to:~~executive offices)

~~Marc J. Ross, Esq. Thomas A. Rose, Esq. Sichenzia Ross~~972-386-4644 ~~Friedman~~(Registrant’s ~~Ference~~telephone ~~LLP 1065 Avenue of the Americas New York~~number, ~~New~~including ~~York 10018~~area ~~Tel: (212~~code) ~~930-9700 Fax: (212) 930-9725~~

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ~~(see General Instruction A.2. below)~~:

~~[ ]~~o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ~~[ ]~~o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a -12) ~~[ ]~~ o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b)) ~~[ ]~~ o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e -4(c))

ITEM 13.0102 ~~Entry~~Unregistered ~~into~~Sales aof ~~Material~~Equity ~~Definitive Agreement~~Securities.

~~ITEM~~ On 2July 23, 2007, Terax Energy, Inc.03 ~~Creation~~(the “Company”) completed the sale of 55% of its issued and outstanding common stock to Westar Oil, Inc. (the “Purchaser”), pursuant to the Purchase and Sale Agreement (“Agreement”) between the Company and the Purchaser, dated April 26, 2007. The purchase price of the shares was $0.21 per share, the closing market price of the Company’s common stock on the date of the Agreement. At the closing on July 23, the Company sold 3.9 million shares to the Purchaser for $819,000. At a ~~Direct~~prior ~~Financial~~closing ~~Obligation~~on orApril 30, an2007, ~~Obligation~~the ~~under~~Company anhad ~~Off-Balance~~sold ~~Sheet~~618,000 shares ~~Arrangement~~to the Purchaser for $129,780. Thus, the total consideration received in the transaction was $948,780 and the total number of shares purchased was 4,518,000. The Company used cash on hand to complete the purchase. The Company has previously reported the entry of the Agreement in a report ~~Registrant~~on Form 8-K filed with the SEC on May 1, 2007.

On The ~~January~~Company ~~23,~~claims ~~2007,~~an ~~the~~exemption ~~Company~~from ~~issued~~the aregistration ~~demand~~requirements ~~note~~of in the ~~principal~~ ~~amount~~Securities ofAct ~~$500~~of 1933,~~000~~ as amended (the “~~Note~~Act”) towith ~~Century~~respect ~~Capital~~to ~~Management, Ltd.,~~the ~~which is controlled by Andrew Hromyk a director of Terax Energy~~foregoing, ~~Inc. The~~pursuant ~~initial~~to ~~advance under~~ the ~~agreement~~provisions ~~was $100,000. The Note bears interest~~of atRegulation D ~~prime rate plus three percent (3%) per annum, payable upon repayment~~ of the ~~Note.~~ ~~The Note is due on demand by the lender~~Act. ~~The~~No ~~Note~~commission isor ~~secured by a security interest in all of the Company~~underwriter’s ~~oil~~discount ~~and~~was ~~gas~~paid ~~leases and pipeline right of ways and easements~~ in ~~Comanche~~connection ~~County,~~with ~~Texas: and certain office assets. In~~ the ~~Event~~sale ~~of Default, the holder of the Note has the right, but not the obligation,~~ to ~~seek remedies for repayment of the Note including but not limited to foreclosure and sale of the secured assets~~Westar.

~~ITEM~~ Item 5.0201 ~~DEPARTURE~~Change OFin ~~DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS~~Control.

On The ~~January~~Agreement 26gives the Purchaser the right to designate one member of the Board of Directors and the Company’s chief executive officer. The Purchaser has designated Linda Contreras as the Company’s sole director and chief executive officer, as reported in the Company’s Form 8-K dated May 1, 2007, ~~Sam~~replacing MLawrence J. ~~Governale~~Finn, ~~was~~who ~~terminated~~resigned as athe ~~Vice~~Company’s chief executive officer and ~~President~~chief financial officer. The Company and the Purchaser are unaware of ~~Operations~~any other arrangements or groups regarding control of ~~Terax~~the ~~Energy,~~Company ~~Inc~~or election of directors. Upon its purchase of 55% of the outstanding common stock of the Company, the Purchaser now has sufficient shares to elect all of the members of the Company’s Board of Directors.

~~ITEM~~ The ~~9.01~~Purchaser ~~Financial~~used ~~Statements~~cash ~~and~~on ~~Exhibit~~hand to pay the $978,780 purchase price.

Exhibit
Number	Exhibit Title of Description
4.1	Note and Security Agreement, dated January 23, 2007

5.03 Amendments to Articles of Incorporation.

~~SIGNATURES~~ On July 26, 2007, the holders of a majority of the Company’s outstanding shares voted, via written consent without a meeting, in favor of amending the Company’s articles of incorporation to reflect a change in the Company’s name to Westar Oil and Gas, Inc. The shareholders also voted to amend the articles of incorporation to increase the number of shares of common stock authorized for issuance from 15 million to 200 million. However, these amendments to the articles of incorporation have not yet become effective, as the Company must file and mail to all of its shareholders an information statement of pursuant to section 14(C) of the Securities Exchange Act of 1934. These amendments to the articles of incorporation will become effective as soon as the Company complies with the delivery requirements set forth in Regulation 14C under the Securities Exchange Act of 1934.

~~Pursuant to~~Item 7.01 ~~the~~Regulation FD ~~requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized~~Disclosure.

~~Dated: January~~ (a) On 30July 26, 2007, the Company’s board of directors affirmed its intention to declare a 2 for 1 restricted share dividend, subject to completion of all required disclosure and legal obligations to effect the dividend. The Company had previously disclosed its intention to declare a 1 for 1 restricted share dividend, but has decided it would be in the best interests of the shareholders to pursue a 2 for 1 dividend.

~~TERAX~~ (b) The ~~ENERGY,~~Company ~~INC~~is also finalizing the terms of its share exchange with Westar. This share exchange is expected to close prior to the effectiveness of name change.

~~By:~~ (c) The ~~/s/~~Company ~~Lawrence~~filed ~~Finn Lawrence~~press J.releases ~~Finn President~~on June 8, ~~Chief~~2007, ~~Executive~~June 22, ~~Officer~~2007, and ~~Chief~~June 29, ~~Financial~~2007, ~~Officer~~which are attached hereto as exhibits.

(d) The information in this Form 8-K shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934, except as shall be expressly set forth by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits


Exhibit No.		Description of Exhibit
99(i)*		June 8, 2007 Press Release

99(ii)*		June 22, 2007 Press Release

99(iii)*		June 29, 2007 Press Release

99(iv)		Purchase and Sale Agreement between Terax Energy, Inc., and Westar Oil, Inc., incorporated by reference to Exhibit 10.1 of the Company’s Form 8-K dated April 26, 2007, filed with the SEC on May 1, 2007


*		Filed herewith.

SIGNATURES

Pursuant to the requirement of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated this 27^th day of July 2007.


	Terax Energy, Inc.
	By:	/s/ Linda Contreras
		Linda Contreras
		Chief Executive Officer

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