Historically, the community has also been known as Three Forks of McElroy (or Three Fork), Centerpoint, Centre Point, and Mount Pleasant; the Board on Geographic Names officially designated the current name and spelling in 1964. Although it is unincorporated, it had a post office until November 2, 2002, and still has a ZIP code of 26339. It lies near the confluence of three streams that form McElroy Creek (Robinson, Pike, and Talkington Forks).
The first oil pool in Doddridge County was discovered ("brought in" as it was then termed) and drilled in 1892 at Center Point. The oil and gas industry transformed life in the area very quickly and permanently.