Electra is a city in Wichita County, Texas, United States. It is part of the Wichita Falls, Texas Metropolitan Statistical Area. The population was 2,791 at the 2010 census., down from 3,168 in 2000. Electra claims the title of Pump Jack Capital of Texas, a title made official by the state in 2001, and has celebrated an annual Pump Jack Festival since 2002. It was named in honor of Electra Waggoner, an heiress to the Waggoner Ranch.