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Elephant Butte, NM. Online Offers. Elephant Butte is a city in Sierra County, New Mexico, United States, near Elephant Butte Reservoir and State Park. The population was 1,390 at the 2000 census. Elephant Butte is located at 33Â°11â²23â³N 107Â°13â²22â³W / 33.18972Â°N 107.22278Â°W / 33.18972; -107.22278 (33.189809, -107.222873). According to the United States Census Bureau, the city has a total area of 3.0 square miles (7.7 kmÂ²), all of it land.
From Wikipedia, the free encyclopedia. Elephant Butte Reservoir is a reservoir on the Rio Grande in the U.S. state of New Mexico, 5 miles (8.0 km) north of Truth or Consequences.he reservoir is also part of the largest state park in New Mexico, Elephant Butte Lake State Park. The reservoir is part of the Rio Grande Project, a project to provide power and irrigation to south-central New Mexico and west Texas. It was filled starting between 1915 and 1916.