Lake Stamford, a reservoir formed by Stamford Dam, is located 10 miles (16 km) northeast of Stamford, Texas, in southeastern Haskell County. The lake had a storage capacity in 1999 of 51,573 acre-feet (63,614,000 m3) and drains an area of 368 square miles (950 km2). Due to sedimentation, the estimated capacity as of 2013 is 50,061 acre⋅ft (61,749,000 m3). The City of Stamford owns the lake and half the water rights to Lake Stamford, while American Electric Power (AEP) owns the other half. The city also owns, operates, and maintains associated Stamford Dam.