Fraizer Diversion Dam #3, located along Fraser Draw in Fremont, Wyoming, serves multiple purposes including fire protection, stock, and small fish pond management. Constructed in 1949 by the Bureau of Land Management, this gravity dam stands at a structural height of 20 feet with a hydraulic height of 15 feet and a length of 440 feet. With a storage capacity of 81 acre-feet, the dam primarily stores 62 acre-feet of water for normal use, covering a surface area of 15.9 acres.

Despite its low hazard potential and not being currently rated for condition assessment, Fraizer Diversion Dam #3 remains an important water resource structure managed by the Bureau of Land Management. With no associated structures and no state jurisdiction or regulation, the dam plays a crucial role in providing water for various essential purposes in the region. Its location in a remote area underscores its significance for local wildlife, firefighting efforts, and agricultural needs, making it a key element in managing water resources in the area.