Oil and gas wells were first drilled in Louisiana on the Caddo Pine Island field in 1906. A new rush of drilling happened two years later with the first natural gas pipeline ever in the United States specifically created to transport gas to Shreveport, Louisiana. The Bull Bayou Field, the Monroe Gas Field and the Homer Field were also early discoveries in the area. These have made Louisiana a terrific place to buy mineral rights and oil and natural gas royalties.
CP Royalties focuses on buying oil and natural gas royalties and mineral rights in places like Louisiana because of their rich history in mineral formations and gas and oil fields. Along with the aforementioned areas, the Haynesville Shale is a strong geologic formation that lies between 10,000 and 14,000 feet deep under parts of northwestern Louisiana (into parts of Texas and Arkansas), and is 200 to 400 feet thick.