I've wondered the same. It was a pretty slick over the top western. A straight faced B movie.
I have an Entertainment Weekly for Feb 2000 where they list their Spring Movie Preview, and Texas Rangers is listed as an April 2000 release and features a publicity still with Van Der Beek and Dylan McDermott on horseback. So obviously this film was done filming in late 1999, and I'm guessing with Dimension's track record, the film tested so so to poor and Dimension decided to re-edit and reshoot noticable portions of the film.
Just my guess, but Dimension kept shuffling the release date and then when American Outlaws tanked at the box office in Summer of 2001, it sorta sealed Texas Rangers' fate to a limited release they were contracted to provide.
Dimension did this many times with decent films. Shuffled them, reshot them, and sat on them for years before pawning them to their doom in throw away theatrical releases. Equilibrium, They, and Texas Rangers. All lost.
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