We don't know anything about this P-51 or about the photo date/place.
Good Luck!

William D. Yoak: "This P-51 appears to be identical to the mustang which was raced at Reno in 1966 and 1967 as #77 'Jack Adams Twinkletown Special'. The owner and pilot was Jim Fugate and the aircraft was based out of Lake Oswego, Oregon. I believe that this is the aircraft (case #33).The paint scheme looks identical but there is some lack of detail in the photgraph due to its resolution quality.I must admit however, that I do not know the final outcome of that aircraft or pilot since their last year at Reno(1967 or 1968)."

T. J. Johansen: "Looked at case #33 and remember having seen photos of this one before. It is N117E 44-73832 probably shot in the early 70´s. This one was later painted as "Color me Gone" in a spurious USAF paint job before being bellied in by pilot Johnny Williams around 1978. Passing through several owners the rebuilt Mustang now wearing 357th FG colors as "Hurry Home Honey" went down on a cattle ranch on Nov. 21, 1992 killing Owner/pilot Harvey Hunewill. Seems as though he rolled while too low and hit the ground!"

Looks like we need some confirmation from the above 2 accounts.