Located on the east side of Kingsley Dam and massive Lake McConaughy, Lake Ogallala is known as “the little lake.” Chilled by the massive surface of Lake McConaughy, Lake Ogallala is a well-known fishing destination, particularly renowned for its fast-growing and feisty rainbow trout. Compared to Lake McConaughy, Lake Ogallala is small, gentle and sedate at 320 acres. It lacks the sandy beaches of its neighbor to the west, but its protected shoreline wards off winds. Along with fishing, visitors come to paddle, camp and enjoy the scenery.