Good No. 1 is a privately owned irrigation structure located in Carbon County, Wyoming, along the banks of Beaver Creek. Completed in 1951, this earth dam stands at a height of 20 feet, with a hydraulic height of 13 feet and a length of 452 feet. It has a storage capacity of 230 acre-feet and serves the purposes of fish and wildlife pond as well as irrigation.

Despite its low hazard potential, Good No. 1 is in poor condition as of the last inspection in August 2018. The dam features an uncontrolled spillway with a width of 60 feet and one valve outlet gate. With a moderate risk assessment rating of 3, the structure is deemed to require attention in terms of risk management measures to ensure its continued safe operation.

Located in a region represented by Liz Cheney (R) at the Congressional level, Good No. 1 is a crucial water resource infrastructure that contributes to the local irrigation needs in Ft. Fred Steele. With its historical significance dating back to the mid-20th century, the dam requires further inspection and potential maintenance to address its current poor condition and mitigate any associated risks.