The McPhee Reservoir is the second largest reservoir in the state of Colorado and is located outside of Dolores, Colorado. McPhee Reservoir is named for McPhee, Colorado, a company town founded by the New Mexico Lumber Company that is now submerged under the reservoir. 

Motorized boats are permitted on the reservoir, and the reservoir is stocked with both cold and warm species of fish. There is also a campground and recreation area onsite.