BlackRock Energy & Resources Trust

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number: 811-21656

Name of Fund: BlackRock Energy and Resources Trust (BGR)

Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809

Name and address of agent for service: John M. Perlowski, Chief Executive Officer, BlackRock Energy and

            Resources Trust, 55 East 52nd Street, New York, NY 10055

Registrant’s telephone number, including area code: (800) 882-0052, Option 4

Date of fiscal year end: 12/31/2017

Date of reporting period: 09/30/2017

Item 1 – Schedule of Investments

Schedule of Investments (continued)

   

BlackRock Energy and Resources Trust (BGR)

 

Common Stocks   

Shares

     Value  
Energy Equipment & Services — 9.7%  

Baker Hughes a GE Co. (a)

      254,900     $ 9,334,438  

Halliburton Co. (a)

      332,400       15,300,372  

Patterson-UTI Energy, Inc. (a)

      97,846       2,048,895  

Precision Drilling Corp. (a)(c)

      899,980       2,798,576  

Schlumberger Ltd. (a)(b)

      188,324       13,137,482  

Superior Energy Services, Inc. (a)(c)

      106,981       1,142,557  
    

 

 

  
        43,762,320  
Oil, Gas & Consumable Fuels — 90.9%  

Anadarko Petroleum Corp.

      299,133       14,612,647  

Andeavor (a)

      82,550       8,515,033  

BP PLC (a)

      5,084,600       32,571,905  

Cabot Oil & Gas Corp. (a)(b)

      285,550       7,638,463  

Cairn Energy PLC (a)(c)

      1,810,176       4,650,514  

Canadian Natural Resources Ltd. (a)

      430,984       14,434,639  

Chevron Corp. (a)(b)

      234,050       27,500,875  

Cimarex Energy Co. (a)

      120,950       13,748,386  

ConocoPhillips (a)(b)

      495,950       24,822,297  

Devon Energy Corp. (a)

      348,400       12,789,764  

Enbridge, Inc. (a)

      207,650       8,673,787  

Encana Corp. (a)

      1,147,700       13,512,092  

Eni SpA (a)

      472,100       7,818,777  

EOG Resources, Inc. (a)

      249,350       24,122,119  

EQT Corp. (a)

      116,600       7,606,984  

Exxon Mobil Corp. (a)(b)

      531,800       43,596,964  

Hess Corp. (a)

      206,350       9,675,752  

International Petroleum Corp. (a)(c)

      48,925       212,642  

Kosmos Energy Ltd. (a)(c)

      721,207       5,740,808  

Marathon Oil Corp. (a)

      655,024       8,882,125  

Noble Energy, Inc. (a)(b)

      288,992       8,195,813  

Oil Search Ltd. (a)

      1,085,763       5,990,442  

Phillips 66 (a)

      57,050       5,226,351  

Pioneer Natural Resources Co. (a)

      99,976       14,750,459  
Common Stocks   

Shares

     Value  
Oil, Gas & Consumable Fuels (continued)  

Royal Dutch Shell PLC — ADR,

Class A (a)

      698,200     $ 42,296,956  

Royal Dutch Shell PLC, Class A (a)

      433,148       13,090,517  

TransCanada Corp. (a)

      326,350       16,129,837  

Valero Energy Corp. (a)

      156,200       12,016,466  
    

 

 

  
        408,823,414  
Total Long-Term Investments
(Cost — $435,163,446) — 100.6%		       452,585,734  
    
                  
Short-Term Securities  

BlackRock Liquidity Funds, T-Fund, Institutional Class, 0.91% (d)(e)

      5,770,357       5,770,357  
Total Short-Term Securities
(Cost — $5,770,357) — 1.3%		       5,770,357  
Total Investments Before Options Written
(Cost — $440,933,803) — 101.9%		       458,356,091  
Options Written
(Premiums Received — $3,087,389) — (1.8)%		       (8,255,095 ) 
Total Investments, Net of Options Written
(Cost — $437,846,414) — 100.1%		       450,100,996  

Liabilities in Excess of Other Assets — (0.1)%

 

     (513,651 ) 
    

 

 

  

Net Assets — 100.0%

 

   $ 449,587,345  
    

 

 

  
 
Notes to Schedule of Investments

 

(a)   All or a portion of security has been pledged and/or segregated as collateral in connection with outstanding exchange-traded options written.

 

(b)   All or a portion of the security has been pledged as collateral in connection with outstanding OTC derivatives.

 

(c)   Non-income producing security.

 

(d)   Annualized 7-day yield as of period end.

 

(e)   During the period ended September 30, 2017, investments in issuers considered to be affiliates of the Trust for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

     
                
   BLACKROCK ENERGY AND RESOURCES TRUST    SEPTEMBER 30, 2017    1

Schedule of Investments (continued)

   

BlackRock Energy and Resources Trust (BGR)

 

Affiliate   Shares
Held at
December 31,
2016		        Net
Activity		        Shares
Held at
September 30,
2017		        Value at
September 30,
2017		        Income        Net
Realized
Gain
(Loss)		        Change in
Unrealized
Appreciation
(Depreciation)		  

BlackRock Liquidity Funds, T-Fund, Institutional Class

     3,936,617          1,833,740          5,770,357        $ 5,770,357        $ 35,237         
 —
  
        —  

SL Liquidity Series, LLC, Money Market Series

     —          —          —          —          22,641 1         —          —  

Total

                  $ 5,770,357        $ 57,878          —          —  
                

 

 

  

 

1   

Represents securities lending income earned from the reinvestment of cash collateral from loaned securities, net of fees and collateral investment expenses, and other payments to and from borrowers of securities.

For Trust compliance purposes, the Trust’s industry classifications refer to one or more of the industry sub-classifications used by one or more widely recognized market indexes or rating group indexes, and/or as defined by the investment adviser. These definitions may not apply for purposes of this report, which may combine such industry sub-classifications for reporting ease.

 

Portfolio Abbreviations
ADR    American Depositary Receipts
OTC    Over-the-Counter

 

Derivative Financial Instruments Outstanding as of Period End

Exchange-Traded Options Written  
Description   Number of
Contracts		    Expiration
Date		      Exercise
Price		             Notional
Amount
(000)		      Value  

Call

 

Royal Dutch Shell PLC, Class A

   1,415      10/02/17        USD        56.60        USD       8,572      $ (560,016 ) 

Anadarko Petroleum Corp.

   208      10/06/17        USD        42.50        USD       1,016        (131,040 ) 

Chevron Corp.

   95      10/06/17        USD        110.00        USD       1,116        (71,488 ) 

Halliburton Co.

   264      10/06/17        USD        40.00        USD       1,215        (157,740 ) 

Hess Corp.

   203      10/06/17        USD        40.50        USD       952        (129,413 ) 

Valero Energy Corp.

   130      10/06/17        USD        70.00        USD       1,000        (99,125 ) 

Andeavor

   85      10/13/17        USD        102.00        USD       877        (18,530 ) 

Cabot Oil & Gas Corp.

   220      10/13/17        USD        27.00        USD       589        (8,800 ) 

ConocoPhillips

   150      10/13/17        USD        46.00        USD       751        (62,250 ) 

Exxon Mobil Corp.

   416      10/13/17        USD        79.50        USD       3,410        (109,824 ) 

Halliburton Co.

   144      10/13/17        USD        42.00        USD       663        (59,400 ) 

Marathon Oil Corp.

   698      10/13/17        USD        11.50        USD       946        (144,835 ) 

Pioneer Natural Resources Co.

   138      10/13/17        USD        137.00        USD       2,036        (154,560 ) 

Valero Energy Corp.

   89      10/13/17        USD        69.50        USD       685        (72,758 ) 

Anadarko Petroleum Corp.

   176      10/20/17        USD        45.00        USD       860        (72,600 ) 

Andeavor

   90      10/20/17        USD        100.00        USD       928        (36,000 ) 

Baker Hughes a GE Co.

   209      10/20/17        USD        39.00        USD       765        (4,180 ) 

Cabot Oil & Gas Corp.

   225      10/20/17        USD        26.50        USD       602        (17,437 ) 

Canadian Natural Resources Ltd.

   367      10/20/17        CAD        40.00        CAD       1,534        (59,414 ) 

Chevron Corp.

   95      10/20/17        USD        110.00        USD       1,116        (72,913 ) 

Cimarex Energy Co.

   155      10/20/17        USD        100.00        USD       1,762        (213,125 ) 

ConocoPhillips

   347      10/20/17        USD        44.00        USD       1,737        (211,670 ) 

ConocoPhillips

   154      10/20/17        USD        47.00        USD       771        (49,665 ) 

ConocoPhillips

   232      10/20/17        USD        50.00        USD       1,161        (20,764 ) 

 

     
                
2    BLACKROCK ENERGY AND RESOURCES TRUST    SEPTEMBER 30, 2017   

Schedule of Investments (continued)

   

BlackRock Energy and Resources Trust (BGR)

 

 

Exchange-Traded Options Written (continued)  
Description   Number of
Contracts		    Expiration
Date		      Exercise
Price		     

Notional
Amount
(000)

      Value  

Devon Energy Corp.

   52      10/20/17        USD        32.00        USD       191      $ (25,090 ) 

EOG Resources, Inc.

   260      10/20/17        USD        87.50        USD       2,515        (245,700 ) 

EOG Resources, Inc.

   262      10/20/17        USD        95.00        USD       2,535        (72,967 ) 

EQT Corp.

   203      10/20/17        USD        65.00        USD       1,324        (32,480 ) 

EQT Corp.

   205      10/20/17        USD        67.50        USD       1,337        (11,787 ) 

Encana Corp.

   1,280      10/20/17        CAD        13.00        CAD       1,880        (181,062 ) 

Encana Corp.

   745      10/20/17        CAD        12.00        CAD       1,094        (162,703 ) 

Exxon Mobil Corp.

   516      10/20/17        USD        77.50        USD       4,230        (238,650 ) 

Halliburton Co.

   256      10/20/17        USD        42.50        USD       1,178        (92,800 ) 

Hess Corp.

   288      10/20/17        USD        40.00        USD       1,350        (200,880 ) 

Marathon Oil Corp.

   138      10/20/17        USD        11.00        USD       187        (35,535 ) 

Noble Energy, Inc.

   506      10/20/17        USD        25.00        USD       1,435        (172,040 ) 

Pioneer Natural Resources Co.

   45      10/20/17        USD        149.00        USD       664        (11,700 ) 

Royal Dutch Shell PLC – ADR, Class A

   171      10/20/17        USD        57.50        USD       1,036        (54,720 ) 

TransCanada Corp.

   560      10/20/17        CAD        64.00        CAD       3,454        (1,571 ) 

Valero Energy Corp.

   65      10/20/17        USD        70.00        USD       500        (45,987 ) 

Anadarko Petroleum Corp.

   199      10/27/17        USD        44.00        USD       972        (101,490 ) 

Andeavor

   113      10/27/17        USD        106.00        USD       1,166        (12,260 ) 

ConocoPhillips

   155      10/27/17        USD        47.00        USD       776        (50,375 ) 

ConocoPhillips

   232      10/27/17        USD        50.00        USD       1,161        (25,404 ) 

Devon Energy Corp.

   142      10/27/17        USD        34.00        USD       521        (42,671 ) 

EOG Resources, Inc.

   183      10/27/17        USD        91.00        USD       1,770        (112,545 ) 

Exxon Mobil Corp.

   209      10/27/17        USD        81.00        USD       1,713        (36,261 ) 

Marathon Oil Corp.

   574      10/27/17        USD        12.00        USD       778        (92,127 ) 

Pioneer Natural Resources Co.

   42      10/27/17        USD        135.00        USD       620        (55,650 ) 

Schlumberger Ltd.

   324      10/27/17        USD        67.50        USD       2,260        (93,960 ) 

Valero Energy Corp.

   230      10/27/17        USD        70.50        USD       1,769        (157,550 ) 

Anadarko Petroleum Corp.

   310      11/03/17        USD        50.00        USD       1,514        (39,990 ) 

Cabot Oil & Gas Corp.

   277      11/03/17        USD        27.00        USD       741        (22,714 ) 

ConocoPhillips

   465      11/03/17        USD        51.00        USD       2,327        (40,920 ) 

Devon Energy Corp.

   70      11/03/17        USD        35.00        USD       257        (16,940 ) 

EOG Resources, Inc.

   43      11/03/17        USD        95.00        USD       416        (16,017 ) 

Halliburton Co.

   243      11/03/17        USD        44.00        USD       1,119        (64,517 ) 

Marathon Oil Corp.

   602      11/03/17        USD        13.50        USD       816        (37,926 ) 

Phillips 66

   199      11/03/17        USD        90.00        USD       1,823        (56,217 ) 

Pioneer Natural Resources Co.

   124      11/03/17        USD        157.50        USD       1,829        (24,490 ) 

Cabot Oil & Gas Corp.

   277      11/10/17        USD        27.00        USD       741        (25,484 ) 

Chevron Corp.

   10      11/10/17        USD        118.00        USD       118        (1,925 ) 

Exxon Mobil Corp.

   177      11/13/17        USD        80.07        USD       1,451        (38,767 ) 

Anadarko Petroleum Corp.

   153      11/17/17        USD        50.00        USD       747        (24,939 ) 

Baker Hughes a GE Co.

   102      11/17/17        USD        38.00        USD       374        (7,905 ) 

Canadian Natural Resources Ltd.

   184      11/17/17        CAD        43.00        CAD       769        (10,618 ) 

Chevron Corp.

   218      11/17/17        USD        112.25        USD       2,562        (116,317 ) 

Chevron Corp.

   401      11/17/17        USD        113.25        USD       4,712        (185,612 ) 

Devon Energy Corp.

   142      11/17/17        USD        35.00        USD       521        (38,056 ) 

EOG Resources, Inc.

   124      11/17/17        USD        97.50        USD       1,200        (34,596 ) 

Enbridge, Inc.

   254      11/17/17        CAD        52.00        CAD       1,324        (23,003 ) 

Encana Corp.

   519      11/17/17        CAD        16.00        CAD       762        (12,478 ) 

Exxon Mobil Corp.

   176      11/17/17        USD        80.75        USD       1,443        (32,888 ) 

Halliburton Co.

   256      11/17/17        USD        45.00        USD       1,178        (56,832 ) 

Hess Corp.

   231      11/17/17        USD        45.00        USD       1,083        (73,343 ) 

Marathon Oil Corp.

   250      11/17/17        USD        13.00        USD       339        (24,500 ) 

Marathon Oil Corp.

   30      11/17/17        USD        14.00        USD       41        (1,425 ) 

Noble Energy, Inc.

   505      11/17/17        USD        27.50        USD       1,432        (84,588 ) 

 

     
                
   BLACKROCK ENERGY AND RESOURCES TRUST    SEPTEMBER 30, 2017    3

Schedule of Investments (continued)

   

BlackRock Energy and Resources Trust (BGR)

 

 

Exchange-Traded Options Written (continued)  
Description   Number of
Contracts		    Expiration
Date		      Exercise
Price		     

Notional
Amount
(000)

     Value  

Royal Dutch Shell PLC – ADR, Class A

   171      11/17/17        USD        60.00        USD       1,036     $ (28,215 ) 

Royal Dutch Shell PLC – ADR, Class A

   172      11/17/17        USD        57.80        USD       1,042       (55,424 ) 

Schlumberger Ltd.

   335      11/17/17        USD        70.00        USD       2,337       (59,797 ) 

TransCanada Corp.

   120      11/17/17        CAD        64.00        CAD       740       (2,933 ) 

TransCanada Corp.

   462      11/17/17        CAD        62.00        CAD       2,849       (37,027 ) 

Valero Energy Corp.

   32      11/17/17        USD        75.00        USD       246       (11,600 ) 

Exxon Mobil Corp.

   207      11/27/17        USD        81.00        USD       1,697       (39,099 ) 

Exxon Mobil Corp.

   160      12/15/17        USD        82.50        USD       1,312       (23,520 ) 
                                                                  

Total

 

   $ (6,274,134 ) 

 

OTC Options Written  
Description   Counterparty    Number of
Contracts		      Expiration
Date		    Exercise
Price		     Notional
Amount
(000)		     Value  

Call

 

Baker Hughes a GE Co.

   Morgan Stanley & Co. International PLC      20,800      10/03/17    USD      34.04     USD      762     $ (53,735 ) 

Baker Hughes a GE Co.

   Morgan Stanley & Co. International PLC      16,500      10/11/17    USD      36.54     USD      604       (12,350 ) 

Royal Dutch Shell PLC

   Deutsche Bank AG      51,400      10/11/17    USD      55.31     USD      3,114       (269,187 ) 

Baker Hughes a GE Co.

   Morgan Stanley & Co. International PLC      20,800      10/18/17    USD      34.04     USD      762       (56,974 ) 

BP PLC

   Credit Suisse International      405,700      10/25/17    GBP      4.53     GBP      1,939       (146,424 ) 

BP PLC

   Credit Suisse International      363,000      10/25/17    GBP      4.58     GBP      1,735       (111,240 ) 

Oil Search Ltd.

   UBS AG      165,000      10/25/17    AUD      7.10     AUD      1,160       (16,804 ) 

Royal Dutch Shell PLC – ADR, Class A

   Goldman Sachs International      41,900      10/25/17    GBP      21.68     GBP      945       (55,086 ) 

Encana Corp.

   Royal Bank of Canada      47,600      10/26/17    CAD      12.17     CAD      699       (97,067 ) 

Eni SpA

   Goldman Sachs International      12,800      10/26/17    EUR      13.59     EUR      179       (7,359 ) 

Enbridge, Inc.

   Goldman Sachs International      25,000      10/30/17    CAD      50.97     CAD      1,303       (37,155 ) 

Precision Drilling Corp.

   Morgan Stanley & Co. International PLC      30,000      10/30/17    CAD      3.31     CAD      116       (15,892 ) 

Canadian Natural Resources Ltd.

   Deutsche Bank AG      95,700      10/31/17    CAD      40.81     CAD      3,999       (122,537 ) 

Encana Corp.

   Morgan Stanley & Co. International PLC      51,900      10/31/17    CAD      13.30     CAD      762       (70,592 ) 

Royal Dutch Shell PLC – ADR, Class A

   Goldman Sachs International      74,800      10/31/17    GBP      21.66     GBP      1,687       (99,555 ) 

Eni SpA

   Deutsche Bank AG      87,000      11/03/17    EUR      13.70     EUR      1,219       (41,248 ) 

BP PLC

   Morgan Stanley & Co. International PLC      108,000      11/08/17    GBP      4.59     GBP      516       (32,305 ) 

BP PLC

   UBS AG      377,000      11/09/17    GBP      4.83     GBP      1,802       (31,451 ) 

Oil Search Ltd.

   Morgan Stanley & Co. International PLC      215,000      11/09/17    AUD      6.94     AUD      1,511       (46,932 ) 

Encana Corp.

   Morgan Stanley & Co. International PLC      47,700      11/14/17    CAD      13.20     CAD      701       (66,014 ) 

BP PLC

   Goldman Sachs International      225,000      11/15/17    GBP      4.56     GBP      1,076       (69,560 ) 

Royal Dutch Shell PLC – ADR, Class A

   Credit Suisse International      35,000      11/15/17    GBP      21.72     GBP      789       (50,569 ) 

BP PLC

   UBS AG      300,900      11/16/17    GBP      4.87     GBP      1,438       (22,367 ) 

Eni SpA

   Deutsche Bank AG      65,500      11/16/17    EUR      14.27     EUR      918       (16,701 ) 

Cimarex Energy Co.

   Morgan Stanley & Co. International PLC      10,600      11/20/17    USD      106.71     USD      1,205       (99,238 ) 

 

     
                
4   

BLACKROCK ENERGY AND RESOURCES TRUST

   

SEPTEMBER 30, 2017

   

Schedule of Investments (continued)

   

BlackRock Energy and Resources Trust (BGR)

 

 

OTC Options Written (continued)  
Description   Counterparty    Number of
Contracts		      Expiration
Date		    Exercise
Price		     Notional
Amount
(000)		     Value  

Call

 

International Petroleum Corp.

   Goldman Sachs International      17,100      11/21/17    SEK      35.05     SEK      605     $ (4,228 ) 

Devon Energy Corp.

   Credit Suisse International      40,600      11/27/17    USD      34.65     USD      1,490       (121,290 ) 

Enbridge, Inc.

   Royal Bank of Canada      22,200      12/01/17    CAD      51.59     CAD      1,157       (23,150 ) 

Cimarex Energy Co.

   Morgan Stanley & Co. International PLC      16,200      12/07/17    USD      113.00     USD      1,841       (97,390 ) 

Devon Energy Corp.

   Credit Suisse International      40,700      12/11/17    USD      36.50     USD      1,494       (86,561 ) 
                                                      

Total

 

   $ (1,980,961 ) 
 

 

 

  

 

     
                
  

BLACKROCK ENERGY AND RESOURCES TRUST

   

SEPTEMBER 30, 2017

    5

Schedule of Investments (concluded)

   

BlackRock Energy and Resources Trust (BGR)

 

Fair Value Hierarchy as of Period End

Various inputs are used in determining the fair value of investments and derivative financial instruments. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:

 

  •  

Level 1 – Unadjusted price quotations in active markets/exchanges for identical assets or liabilities that the Trust has the ability to access

 

  •  

Level 2 – Other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market–corroborated inputs)

 

  •  

Level 3 – Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Trust’s own assumptions used in determining the fair value of investments and derivative financial instruments)

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the BlackRock Global Valuation Methodologies Committee (the “Global Valuation Committee”) in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. Level 3 investments may also be adjusted to reflect illiquidity and/or non-transferability, with the amount of such discount estimated by the Global Valuation Committee in the absence of market information.

Changes in valuation techniques may result in transfers into or out of an assigned level within the hierarchy. In accordance with the Trust’s policy, transfers between different levels of the fair value hierarchy are deemed to have occurred as of the beginning of the reporting period. The categorization of a value determined for investments and derivative financial instruments is based on the pricing transparency of the investments and derivative financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Trust’s policy regarding valuation of investments and derivative financial instruments, refer to the Trust’s most recent financial statements as contained in its annual report.

The following tables summarize the Trust’s investments and derivative financial instruments categorized in the disclosure hierarchy:

 

     Level 1        Level 2        Level 3     Total  

Assets:

 

Investments:

 

Common Stocks:

 

Energy Equipment & Services

  $ 43,762,320        $ —        $                 —     $ 43,762,320  

Oil, Gas & Consumable Fuels

    344,701,259          64,122,155          —       408,823,414  

Short-Term Securities

    5,770,357          —          —       5,770,357  
 

 

 

       

 

 

       

 

 

    

 

 

  

Total

   $ 394,233,936        $ 64,122,155        $ —     $ 458,356,091  
 

 

 

       

 

 

       

 

 

    

 

 

  

Derivative Financial Instruments1

 

Liabilities:  

Equity contracts

  $ (5,246,011 )       $ (3,009,084 )         —     $ (8,255,095 ) 
 

 

 

       

 

 

       

 

 

    

 

 

  

 

1   

Derivative financial instruments are options written, which are shown at value.

During the period ended September 30, 2017, there were no transfers between levels.

 

     
                
6    BLACKROCK ENERGY AND RESOURCES TRUST    SEPTEMBER 30, 2017   

Item 2 – Controls and Procedures
2(a) –  

The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”)) are effective as of a date within 90 days of the filing of this report based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act and Rule 13a-15(b) under the Securities Exchange Act of 1934, as amended.

2(b) –  

There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 3 – Exhibits
  Certifications – Attached hereto

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

BlackRock Energy and Resources Trust

 

By:   /s/ John M. Perlowski                    
  John M. Perlowski
  Chief Executive Officer (principal executive officer) of
  BlackRock Energy and Resources Trust
Date: November 20, 2017

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

 

By:   /s/ John M. Perlowski                    
  John M. Perlowski
  Chief Executive Officer (principal executive officer) of
  BlackRock Energy and Resources Trust
Date: November 20, 2017
By:   /s/ Neal J. Andrews                       
  Neal J. Andrews
  Chief Financial Officer (principal financial officer) of
  BlackRock Energy and Resources Trust
Date: November 20, 2017