A friend of mine just took an OB/Gyn job with Scott and White, just outside Austin. From the details he told me about the job, it sounds great. Pay is around $250k, call every 5th night, good group, minimal high risk OB. Excellent benefits. Another friend of mine also took a general surgery job with them.
It is hard to lump all of Texas into on basket. I am sure there are private practices having a tough time with the malpractice scene, but there are plenty of other good opportunities.
Texas has traditionally had good reimbursement. The state has quite a bit of money, so if you have a hard time finding a good job there, dig a little deeper. Try calling some hospitals directly to see if they have openings. Some of the best jobs in medicine never make it to a job board, you have to go after them.