This photograph was taken at Russell Ranch in the Western Slope Region, Rio Blanco County, Colorado. The White River crosses through the center of the photo with flat, grassy banks on either side covered in snow. A paved road winds around hills in the upper left, and a bridge crosses from it across the bridge to the opposite bank where there are multiple small houses. There is a mountain range in the background.
This photograph can be seen in John Fielder's book Ranches of Colorado on page 196.