Megargel (/ˈmiːɡɑːrɡəl/ MEE-gar-gəl) is a town in Archer County, Texas, United States.

Megargel was established as a result of the Gulf, Texas and Western Railroad extending services to Jacksboro and Seymour.

Around that time, H. Sheets drilled a new oil well in the Swastika oilfield, causing a population increase.

Oil was discovered 4 miles (6.4 km) east of Megargel in 1925, and the town expanded even more.

[4] About 1,200 people lived in Megargel in 1927, but the population began a decline after that point.

That year, Bill Hanna of the Fort Worth Star-Telegram stated that downtown Megargel was "virtually empty, littered with crumbling and abandoned buildings and outdated gas stations.

[5] According to the United States Census Bureau, the town has a total area around 400 acres (160 ha), all land.

Proponents argued that the school (which had only 63 students, including only one in seventh grade) simply cannot continue to function, and consolidation with the neighboring district (which had nearly 800 students) would provide more opportunities for educational achievement.

[11] The community post office had opened within three months of Megargel's establishment.

[4] The United States Postal Service continues to operate the Megargel Post Office.