Denver came up short on the scoreboard, losing 24-23 to the Cowboys, but Tebow played well in four offensive possessions.
Tebow led the Broncos on two scoring drives (two field goals), and finished up his night going 6-7 for 91 yards and 15 yards rushing on two carries.
Tebow's highlights included a 43-yard laser to receiver Matt Willis in the second quarter and a called-back touchdown on first down in the red zone, for holding.
In all, not a bad showing from the second-year quarterback, who has faced an unfair amount of criticism from the media the past few days for his accuracy issues in training camp.
Even Randy Galloway, writer for The Fort Worth Star-Telegram wanted to thank Tebow for providing some excitement in the first half of Thursday night's exhibition game.
Galloway went on to write that Tebow was the star of the first half when the first and second-stringers were actually on the field, and that Tebow "shut up his critics, at least for the rest of the week."
Who will be the Denver Broncos no. 2 quarterback by the end of preseason?
Third-stringer Brady Quinn played much of the second half, throwing for 120 yards and a touchdown on eight completions.
Quinn's performance was hardly enough to challenge Tebow for the No. 2 spot on the Broncos' depth chart, but a reminder to Tebow that he does have competition for the back up role.
Heading into his fifth NFL season, Quinn seems poised to be a reserve player and content to be one. But if Tebow did anything Thursday night in Texas, he put just a little more space between himself and Quinn.
Patrick Clarke is a Featured Columnist for Bleacher Report. Follow on Twitter @_Pat_Clarke