Halibut Facts Halibut are bottom fish. The halibut that are caught at Waterfall range from 25 to 100 lbs. on average. We request that the guests release all halibut that are over 100 lbs., because these are usually egg producing females. Waterfall Record: 366 lbs. Kings   Silvers   Halibut   Ling Cod   Red Snapper History   The Island   Resort Overview   General Information   2008 Rates