The reservoir was formed by the construction of the Falcon Dam to provide water conservation, irrigation, flood control, and hydroelectricity to the area.

[1] On the shores of Falcon Lake are Texas wild olive (Cordia boissieri), Mexican oregano (Lippia graveolens), hibiscus, mesquite thickets, huisache (Vachellia farnesiana var.

The park's main activities include camping, swimming, fishing, water skiing, and boating, with a self-guided nature trail.

[3] In May 2010, Los Zetas pirates on the lake claiming to be Mexican Federal Police committed at least three armed robberies.

On September 30, 2010, David Hartley and his wife Tiffany, from McAllen, Texas, were in Mexican waters riding WaveRunners back from Mexico when they were allegedly chased by two boats containing about six gunmen.