This document is a descriptive study of the recreational use and the value of water at Elephant Butte and Navajo Reservoirs. Previous research studies, as well as the study areas and recreational characteristics and procedures of investigation used in this study (sampling and data collection, data organization, analysis) are described. Discussions of water values (consumptive use, reaction to water levels, consumptive values of water) and the elasticities of demand are included. There are numerous tables and maps.