Pheney, also known as Taussig Reservoir No 1, is a private water resource located in Kremmling, Colorado, along the Reeder Creek. Completed in 1910, this earth dam stands at a height of 38 feet and serves primarily for irrigation purposes, with a storage capacity of 346 acre-feet. Despite its age, Pheney has been regulated, inspected, and permitted by the Colorado Department of Water Resources, ensuring its operational integrity and safety for the surrounding community.

The dam's spillway, with a width of 10 feet, is uncontrolled, and the hazard potential is classified as low, with a condition assessment marked as unsatisfactory as of July 2019. The reservoir covers a surface area of 20 acres and has a maximum discharge capacity of 135 cubic feet per second. With a drainage area of 2 square miles, Pheney plays a crucial role in providing water for irrigation, fire protection, and stock purposes in the region, showcasing its importance in sustaining local agriculture and ecosystem health.

Despite its moderate risk assessment, Pheney remains a vital water resource in Grand County, Colorado, managed and regulated effectively to ensure its continued functionality and safety. The reservoir's historical significance, coupled with its practical applications in irrigation and environmental conservation, highlights the intersection of water resource management and climate resilience, making Pheney a key asset for water and climate enthusiasts alike in the region.