Lace, a private-owned dam located in Albany County, Wyoming, serves multiple purposes including fire protection, stock, and small fish pond. The dam, primarily designed for fire protection, was completed in 1951 and stands at a height of 15 feet with a hydraulic height of 10 feet. With a storage capacity of 260 acre-feet, Lace plays a crucial role in managing water resources in the region, particularly for Coal Bank Creek.

Despite its importance, Lace is currently in poor condition and poses a low hazard potential, according to a 2017 assessment. The dam has a history of regular inspections, with the last one conducted in August 2017. With a moderate risk rating, efforts to improve Lace's condition and risk management measures are necessary to ensure the safety and effectiveness of this water resource infrastructure. As climate change continues to impact water availability and quality, maintaining and improving dams like Lace will be essential for sustainable water management in the region.