RedactedNarrative: Vessel 1 was South bound on Lake Texoma when the engine on Vessel 1 caught fire.  Vessel 1 Operator as well as other boaters attempted to put fire out with fire extinguishers.  Vessel 1 started to take on water from the stern due to the fire so another vessel hooked on to Vessel 1 and towed it to Johnson Creek Boat Ramp where the fire eventually went out after stern of vessel was submerged in the water.  Vessel 1 Operator received a few minor cuts on his left arm during the incident but refused medical treatment.  Vessel 1 was removed from the scene by the Operator.  Area of the accident was approx 1/2 mile south of the Johnson Creek Boat Ramp and approx 1.5 miles northeast of Newberry Creek Marina and approx .8 miles west of the south oil derrick.