Megargel (pronounced ME gargle) is a town in Archer County, Texas, United States. It is part of the Wichita Falls, Texas Metropolitan Statistical Area. The population was 248 at the 2000 census. The town is named for Roy C. Megargel, the president of the railroad that developed the town.
Megargel is located at 33°27′14″N 98°55′39″W / 33.45389°N 98.9275°W / 33.45389; -98.9275 (33.453883, -98.927546).
According to the United States Census Bureau, the town has a total area of 0.6 square miles (1.6 km²), all of it land.