Olney Independent School District
Prior to fall 2006, Megargel ISD served the town of Megargel and portions of Archer, Baylor, Throckmorton, and Young Counties, while Olney ISD served Olney and portions of Archer and Young counties.
Megargel School (along with the town of Megargel) had declined for years, and was running out of funds. The school board voted to consolidate with Olney ISD, subject to voter approval on May 13, 2006. The vote was in favor of consolidation with 79% of voters in favor. The school and district closed after the school year ended. Olney ISD announced plans to hire former Megargel ISD employees.
- "2009 Accountability Rating System". Texas Education Agency. Archived from the original on 2015-10-25.
- McCain, Colleen (2006-04-11). "School, town facing demise". The Dallas Morning News. Archived from the original on 2007-03-11. Retrieved 2016-12-29.
- "MERGARGEL-OLNEY CONSOLIDATION". KJTL-TV. Archived from the original on 2007-03-12. Retrieved 2016-12-29.
- "Mergargel School Closes Its Doors". KAUZ-TV. Archived from the original on 2007-09-28. Retrieved 2016-12-29.