Peden Dam 1, located in Overton, Nebraska, is a privately owned structure primarily used for fire protection, stock, and small fish pond purposes. This earth dam, completed in 1965, stands at a height of 17.5 feet and has a storage capacity of 61.2 acre-feet. The dam's design includes buttress and stone core types, with a foundation consisting of soil.

Managed by the Nebraska Department of Natural Resources (NE DNR), Peden Dam 1 is state regulated and inspected regularly to ensure its safety and compliance with state regulations. Despite its low hazard potential, the dam's condition assessment has not been rated, with the last inspection conducted in March 2012. The dam's location on TR-W Buffalo Creek within Dawson County, Nebraska, adds to its importance in water resource management and climate resilience efforts in the region.

Enthusiasts interested in water resource management and climate adaptation can appreciate Peden Dam 1 for its unique role in providing essential services such as fire protection and water storage for livestock. As a privately owned structure with state oversight, the dam serves as a valuable asset in the local community, demonstrating the importance of proper dam maintenance and regulation. With its historical significance dating back to the 1960s, Peden Dam 1 is a testament to the ongoing efforts to manage water resources effectively and sustainably in Nebraska's changing climate landscape.