N-Q 1 d412670dnq.htm BLACKROCK ENERGY AND RESOURCES TRUST (BGR) BlackRock Energy and Resources Trust (BGR)

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: 10/31/2012

Date of reporting period: 07/31/2012

Item 1 – Schedule of Investments

  

 

Schedule of Investments July 31, 2012 (Unaudited)

  

 

BlackRock Energy and Resources Trust (BGR)

(Percentages shown are based on Net Assets)

 

Common Stocks   Shares     Value  

Energy Equipment & Services – 16.6%

    

Cameron International Corp. (a)(b)(c)

     486,000      $ 24,431,220   

Core Laboratories NV (b)

     89,700        10,006,932   

National Oilwell Varco, Inc. (b)

     380,700        27,524,610   

Schlumberger Ltd. (b)

     235,900        16,810,234   

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

     205,300        4,448,851   

Technip SA

     163,600        17,173,937   

Transocean Ltd. (b)

     301,200        14,105,196   

Weatherford International Ltd. (a)(b)

     606,300        7,305,915   
   

 

 

  
      121,806,895   

 

  

Metals & Mining – 3.2%

    

Goldcorp, Inc. (b)

     96,200        3,467,048   

Pan American Silver Corp. (b)

     177,100        2,645,874   

Prospect Global Resources, Inc. (a)

     2,884,615        6,634,616   

Silver Wheaton Corp. (b)

     377,000        10,382,580   
   

 

 

  
      23,130,118   

 

  

Oil, Gas & Consumable Fuels – 77.8%

    

Access Midstream Partners LP (b)

     270,600        7,847,400   

Alpha Natural Resources, Inc. (a)(b)(c)

     2,059,414        14,436,492   

AltaGas Ltd. (b)

     513,100        15,963,225   

Anadarko Petroleum Corp. (b)

     438,700        30,463,328   

Bonanza Creek Energy, Inc. (a)(b)

     670,000        11,745,100   

Cabot Oil & Gas Corp. (b)

     387,000        16,327,530   

Cheniere Energy, Inc. (a)(b)

     2,289,985        31,212,495   

Cimarex Energy Co. (b)

     148,200        8,401,458   

Concho Resources, Inc. (a)(b)

     69,800        5,950,450   

CONSOL Energy, Inc. (b)

     280,100        8,117,298   

Crescent Point Energy Corp. (b)

     336,400        13,370,797   

Crew Energy, Inc. (a)(b)

     1,709,192        11,793,996   

DCP Midstream Partners LP

     242,600        10,342,038   

Denbury Resources, Inc. (a)(b)

     754,500        11,408,040   

Energy XXI (Bermuda) Ltd. (b)

     455,700        14,208,726   

EQT Corp. (b)

     409,611        23,102,060   

Golar LNG Ltd.

     346,173        13,383,048   

Keyera Corp. (b)

     466,667        21,065,977   

Kodiak Oil & Gas Corp. (a)(b)(c)

     827,700        6,911,295   

Kosmos Energy Ltd. (a)(b)

     1,041,300        9,934,002   

Magnum Hunter Resources
Corp. (a)(b)(c)

     745,500        2,832,900   

MarkWest Energy Partners LP (b)

     375,589        19,744,714   

Noble Energy, Inc. (b)

     295,400        25,826,822   

NuVista Energy Ltd. (a)(b)

     589,300        2,656,066   

Occidental Petroleum Corp. (b)

     344,607        29,991,147   

ONEOK Partners LP (b)

     325,402        18,918,872   

Pembina Pipeline Corp.

     301,800        8,065,254   

Pioneer Natural Resources Co. (b)

     219,109        19,419,631   

Plains All American Pipeline LP (b)

     185,500        16,324,000   

Range Resources Corp.

     559,300        35,012,180   

Southwestern Energy Co. (a)(b)(c)

     299,965        9,973,836   

Targa Resources Partners LP (b)

     145,400        5,520,838   

Trilogy Energy Corp. (b)

     354,770        8,592,874   

Valero Energy Corp. (b)

     1,567,174        43,097,285   

Whiting Petroleum Corp. (a)(b)

     560,800        22,656,320   

 

Common Stocks   Shares     Value  

Oil, Gas & Consumable Fuels (concluded)

  

  

Williams Partners LP

     300,784      $ 16,335,579   
   

 

 

  
      570,953,073   

 

  

Total Common Stocks – 97.6%

       715,890,086   

 

  

    

    
   
Rights              

Oil, Gas & Consumable Fuels – 0.0%

  

  

Magnum Hunter Resources Corp., Expires 10/14/2013 (a)(c)

     70,300        –   

 

  

Total Long-Term Investments

    

(Cost – $674,438,342) – 97.6%

       715,890,086   

 

  

    

    
   
Short-Term Securities              

BlackRock Liquidity Funds, TempFund,
Institutional Class, 0.15% (d)(f)

     28,831,251        28,831,251   

 

  
    

Beneficial

Interest

(000)

         

BlackRock Liquidity Series, LLC Money Market Series, 0.30% (d)(e)(f)

     $  13,640        13,640,239   

 

  

Total Short-Term Securities

    

(Cost – $42,471,490) – 5.8%

       42,471,490   

 

  

Total Investments Before Outstanding Options Written

    

(Cost – $716,909,832*) – 103.4%

       758,361,576   

 

  

    

    
   
Options Written   Contracts         

Exchange-Traded Call Options – (1.1)%

  

  

Access Midstream Partners LP, Strike Price
USD 30, Expires 9/24/12

     450        (22,500 ) 

Alpha Natural Resources, Inc., Strike Price USD 11, Expires 8/20/12

     1,000        (4,000 ) 

AltaGas Ltd., Strike Price CAD 30,
Expires 10/22/12

     1,700        (258,513 ) 

Anadarko Petroleum Corp.:

    

Strike Price USD 72.50,
Expires 8/20/12

     1,000        (115,000 ) 

Strike Price USD 72.50,
Expires 9/24/12

     450        (119,475 ) 

Bonanza Creek Energy, Inc.:

    

Strike Price USD 17.50,
Expires 8/20/12

     1,030        (79,825 ) 

Strike Price USD 20,
Expires 9/24/12

     450        (21,375 ) 

 

 

 

      Portfolio Abbreviations

 

To simplify the listings of portfolio holdings in the Schedule of Investments, the names and descriptions of many securities have been abbreviated according to the following list:     CAD EUR     

Canadian Dollar

Euro

    USD       US Dollar

 

                 
        JULY 31, 2012    1

 

 

Schedule of Investments (continued)

  

 

BlackRock Energy and Resources Trust (BGR)

(Percentages shown are based on Net Assets)

 

 

Options Written   Contracts     Value  

Exchange-Traded Call Options (continued)

    

Cabot Oil & Gas Corp.:

    

Strike Price USD 39, Expires 8/20/12

     600        $  (228,000 ) 

Strike Price USD 44, Expires 9/24/12

     100        (21,750 ) 

Cameron International Corp.:

    

Strike Price USD 44, Expires 8/20/12

     650        (419,250 ) 

Strike Price USD 47, Expires 9/24/12

     450        (209,250 ) 

Strike Price USD 50, Expires 11/19/12

     500        (200,000 ) 

Cheniere Energy, Inc.:

    

Strike Price USD 16, Expires 8/20/12

     2,000        (40,000 ) 

Strike Price USD 17, Expires 8/20/12

     1,500        (11,250 ) 

Strike Price USD 15, Expires 9/24/12

     1,806        (139,965 ) 

Strike Price USD 16, Expires 9/24/12

     2,250        (112,500 ) 

Cimarex Energy Co.:

    

Strike Price USD 55, Expires 8/20/12

     115        (40,825 ) 

Strike Price USD 60, Expires 8/20/12

     200        (28,500 ) 

Strike Price USD 60, Expires 9/24/12

     175        (44,625 ) 

Concho Resources, Inc., Strike Price USD 85, Expires 9/24/12

     230        (120,750 ) 

CONSOL Energy, Inc., Strike Price USD 31, Expires 8/20/12

     580        (20,880 ) 

Core Laboratories NV:

    

Strike Price USD 120, Expires 8/20/12

     150        (4,875 ) 

Strike Price USD 110, Expires 9/24/12

     146        (86,870 ) 

Crescent Point Energy Corp.:

    

Strike Price CAD 40, Expires 8/20/12

     555        (31,822 ) 

Strike Price CAD 41, Expires 8/20/12

     555        (12,452 ) 

Crew Energy, Inc.:

    

Strike Price CAD 7.50, Expires 8/20/12

     1,000        (19,943 ) 

Strike Price CAD 7, Expires 9/24/12

     1,640        (106,297 ) 

Denbury Resources, Inc.:

    

Strike Price USD 15, Expires 8/20/12

     300        (22,500 ) 

Strike Price USD 16, Expires 9/24/12

     1,000        (65,000 ) 

Energy XXI (Bermuda) Ltd.:

    

Strike Price USD 32, Expires 8/20/12

     350        (41,125 ) 

Strike Price USD 35, Expires 9/24/12

     650        (58,500 ) 

EQT Corp., Strike Price USD 50,
Expires 8/20/12

     865        (588,200 ) 

Goldcorp, Inc.:

    

Strike Price USD 34, Expires 9/24/12

     160        (50,400 ) 

Strike Price USD 35, Expires 9/24/12

     160        (40,160 ) 

Keyera Corp.:

    

Strike Price CAD 44, Expires 8/20/12

     500        (67,308 ) 

Strike Price CAD 44, Expires 10/22/12

     500        (97,223 ) 

Kodiak Oil & Gas Corp.:

    

Strike Price USD 9, Expires 8/20/12

     1,167        (37,928 ) 

Strike Price USD 10, Expires 9/24/12

     400        (17,000 ) 

Kosmos Energy Ltd., Strike Price USD 12.50, Expires 8/20/12

     600        (9,000 ) 

Magnum Hunter Resources Corp.:

    

Strike Price USD 5, Expires 8/20/12

     500        (2,500 ) 

Strike Price USD 5, Expires 11/19/12

     400        (8,000 ) 

MarkWest Energy Partners LP:

    

Strike Price USD 50, Expires 8/20/12

     425        (76,500 ) 

Strike Price USD 52.50, Expires 8/20/12

     200        (16,500 ) 

Strike Price USD 55, Expires 9/24/12

     395        (20,737 ) 

National Oilwell Varco, Inc.:

    

Strike Price USD 70, Expires 8/20/12

     610        (210,450 ) 

Strike Price USD 70, Expires 9/24/12

     645        (312,825 ) 

Noble Energy, Inc., Strike Price USD 90,
Expires 8/20/12

     1,000        (105,000 ) 
Options Written   Contracts     Value  

Exchange-Traded Call Options (concluded)

  

  

NuVista Energy Ltd.:

    

Strike Price CAD 4, Expires 8/20/12

     500      $ (32,408 ) 

Strike Price CAD 5, Expires 9/24/12

     1,000        (42,379 ) 

Occidental Petroleum Corp.:

    

Strike Price USD 90, Expires 8/20/12

     230        (22,540 ) 

Strike Price USD 90, Expires 11/19/12

     500        (195,000 ) 

Strike Price USD 92.50, Expires 11/19/12

     500        (144,000 ) 

ONEOK Partners LP:

    

Strike Price USD 55, Expires 8/20/12

     389        (122,535 ) 

Strike Price USD 60, Expires 10/22/12

     700        (52,500 ) 

Pan American Silver Corp.:

    

Strike Price USD 21, Expires 8/20/12

     180        (900 ) 

Strike Price USD 15, Expires 9/24/12

     405        (43,538 ) 

Pioneer Natural Resources Co.:

    

Strike Price USD 100, Expires 8/20/12

     435        (26,100 ) 

Strike Price USD 95, Expires 9/24/12

     287        (100,450 ) 

Plains All American Pipeline LP:

    

Strike Price USD 87.50, Expires 9/24/12

     298        (43,955 ) 

Strike Price USD 82.50, Expires 11/19/12

     100        (53,000 ) 

Strike Price USD 87.50, Expires 11/19/12

     250        (55,000 ) 

Schlumberger Ltd.:

    

Strike Price USD 67.50, Expires 8/20/12

     285        (126,825 ) 

Strike Price USD 71, Expires 9/07/12

     500        (139,812 ) 

Silver Wheaton Corp.:

    

Strike Price USD 29, Expires 8/20/12

     200        (8,800 ) 

Strike Price USD 32, Expires 8/20/12

     200        (800 ) 

Strike Price USD 28, Expires 9/24/12

     900        (129,150 ) 

Southwestern Energy Co.:

    

Strike Price USD 31, Expires 8/20/12

     400        (110,600 ) 

Strike Price USD 33, Expires 9/24/12

     205        (43,152 ) 

Superior Energy Services, Inc., Strike Price USD 25, Expires 9/24/12

     680        (30,600 ) 

Targa Resources Partners LP, Strike Price USD 37, Expires 8/20/12

     440        (72,600 ) 

Transocean Ltd.:

    

Strike Price USD 50, Expires 8/20/12

     250        (14,000 ) 

Strike Price USD 52.50, Expires 11/19/12

     750        (112,500 ) 

Trilogy Energy Corp.:

    

Strike Price CAD 26, Expires 8/20/12

     585        (23,333 ) 

Strike Price CAD 23, Expires 9/24/12

     585        (140,001 ) 

Valero Energy Corp.:

    

Strike Price USD 23, Expires 8/20/12

     1,018        (460,645 ) 

Strike Price USD 24, Expires 8/20/12

     1,030        (365,650 ) 

Strike Price USD 25, Expires 8/20/12

     850        (222,275 ) 

Strike Price USD 26, Expires 9/24/12

     1,290        (285,735 ) 

Strike Price USD 27, Expires 9/24/12

     1,290        (208,980 ) 

Weatherford International Ltd.:

    

Strike Price USD 14, Expires 8/20/12

     500        (2,000 ) 

Strike Price USD 15, Expires 9/24/12

     1,500        (15,000 ) 

Whiting Petroleum Corp.:

    

Strike Price USD 40, Expires 8/20/12

     500        (92,500 ) 

Strike Price USD 42.50, Expires 8/20/12

     500        (40,000 ) 

Strike Price USD 42.50, Expires 9/24/12

     425        (76,500 ) 

Strike Price USD 45, Expires 9/24/12

     425        (42,500 ) 

 

  

Total Exchange-Traded Call Options

       (8,065,611 ) 

 

  
 

 

                 
2         JULY 31, 2012   

 

 

Schedule of Investments (continued)

  

 

BlackRock Energy and Resources Trust (BGR)

(Percentages shown are based on Net Assets)

 

Options Written   Contracts     Value  

Over-the-Counter Call Options – (0.4)%

    

Access Midstream Partners LP, Strike Price USD 27.78, Expires 9/10/12, Broker Citigroup Global Markets, Inc.

     50,000      $ (96,846 ) 

Bonanza Creek Energy, Inc.:

    

Strike Price USD 18, Expires 8/24/12, Broker Goldman Sachs & Co.

     50,000        (30,138 ) 

Strike Price USD 16.32, Expires 9/06/12, Broker Morgan Stanley & Co., Inc.

     40,000        (69,202 ) 

Cabot Oil & Gas Corp., Strike Price USD 34.16, Expires 8/06/12, Broker Morgan Stanley & Co., Inc.

     62,000        (497,860 ) 

CONSOL Energy, Inc., Strike Price USD 29.95, Expires 8/03/12, Broker Morgan Stanley & Co., Inc.

     40,000        (2,932 ) 

DCP Midstream Partners LP, Strike Price USD 41.55, Expires 8/24/12, Broker Deutsche Bank Securities Corp.

     25,000        (43,473 ) 

Energy XXI (Bermuda) Ltd., Strike Price USD 31.06, Expires 8/16/12, Broker Goldman Sachs & Co.

     50,000        (63,603 ) 

EQT Corp., Strike Price USD 57.07, Expires 9/14/12, Broker Goldman Sachs & Co.

     48,500        (88,077 ) 

Golar LNG Ltd.:

    

Strike Price USD 35.84, Expires 8/06/12, Broker Goldman Sachs & Co.

     57,000        (160,740 ) 

Strike Price USD 35.84, Expires 8/14/12, Broker Goldman Sachs & Co.

     57,000        (169,956 ) 

Keyera Corp., Strike Price CAD 42.93, Expires 8/24/12, Broker Morgan Stanley & Co., Inc.

     70,000        (181,005 ) 

Kodiak Oil & Gas Corp., Strike Price USD 8.64, Expires 8/09/12, Broker Deutsche Bank Securities Corp.

     116,500        (20,279 ) 

Kosmos Energy Ltd.:

    

Strike Price USD 10.50, Expires 8/24/12, Broker Banc of America Securities

     60,000        (4,275 ) 

Strike Price USD 11.20, Expires 8/30/12, Broker Goldman Sachs & Co.

     60,000        (4,990 ) 

Strike Price USD 9.99, Expires 9/28/12, Broker Deutsche Bank Securities Corp.

     60,000        (24,658 ) 

Magnum Hunter Resources Corp., Strike Price USD 4.05, Expires 8/01/12, Broker Banc of America Securities

     60,000        (127 ) 
Options Written   Contracts     Value  

Over-the-Counter Call Options (concluded)

    

MarkWest Energy Partners LP, Strike Price USD 55.04, Expires 9/07/12, Broker Banc of America Securities

     22,000      $ (8,160 ) 

ONEOK Partners LP, Strike Price USD 58.58, Expires 9/14/12, Broker Citigroup Global Markets, Inc.

     10,000        (8,596 ) 

Range Resources Corp., Strike Price USD 60, Expires 8/07/12, Broker Banc of America Securities

     196,000        (591,422 ) 

Southwestern Energy Co., Strike Price USD 29.84, Expires 8/10/12, Broker Deutsche Bank Securities Corp.

     38,500        (134,365 ) 

Technip SA:

    

Strike Price EUR 78.52, Expires 8/13/12, Broker UBS Securities LLC

     29,200        (256,863 ) 

Strike Price EUR 88.98, Expires 9/12/12, Broker Morgan Stanley & Co., Inc.

     24,800        (65,292 ) 

 

  

Total Over-the-Counter Call Options

       (2,522,859 ) 

 

  

Total Options Written

    

(Premiums Received – $7,274,000) – (1.5)%

  

     (10,588,470 ) 

 

  

Total Investments Net of Outstanding Options

  

  

Written – 101.9%

       747,773,106   

Liabilities in Excess of Other Assets – (1.9)%

  

     (14,139,871 ) 
   

 

 

  

Net Assets – 100.0%

     $ 733,633,235   
   

 

 

  

 

* As of July 31, 2012, gross unrealized appreciation and gross unrealized depreciation based on cost for federal income tax purposes were as follows:

 

Tax cost

    $ 721,301,338   
  

 

 

  

Gross unrealized appreciation

    $ 144,467,454   

Gross unrealized depreciation

      (107,407,216 ) 
  

 

 

  

Net unrealized appreciation

    $ 37,060,238   
  

 

 

  

 

(a)   Non-income producing security.
(b)   All or a portion of security has been pledged/segregated as
      collateral in connection with outstanding options written.
(c)   Security, or a portion of security, is on loan.
(d)   Represents the current yield as of report date.
(e)   Security was purchased with the cash collateral from loaned securities.
 

 

(f) Investments in companies considered to be an affiliate of the Trust during the period, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
Affiliate   

Shares/
Beneficial Interest
Held at
October 31,

2011

     

Net

Activity

     

Shares/
Beneficial Interest
Held at

July 31,

2012

      Realized
Gain		      Income  

BlackRock Liquidity Funds, TempFund, Institutional Class

      14,873,138         13,958,113         28,831,251         $412         $26,886   

BlackRock Liquidity Series, LLC Money Market Series

      $60,660,178         $(47,019,939)         $13,640,239         –           $62,561   

 

                 
        JULY 31, 2012    3

 

 

Schedule of Investments (concluded)

  

 

BlackRock Energy and Resources Trust (BGR)

 

 

—  

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

 

—  

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

 

  —  

Level 1 - unadjusted price quotations in active markets/exchanges for identical assets and liabilities

 

  —  

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)

Changes in valuation techniques may result in transfers into or out of an assigned level within the disclosure hierarchy. In accordance with the Trust’s policy, transfers between different levels of the fair value disclosure 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 investment and derivative financial instrument 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 and other significant accounting policies, please refer to the Trust’s most recent financial statements as contained in its semi-annual report.

The following tables summarize the Trust’s investments and derivative financial instruments categorized in the disclosure hierarchy as of July 31, 2012:

 

       Level 1     Level 2     Level 3   Total  

Assets:

        

Investments:

        

Long-Term Investments:

        

Common Stocks:

        

Energy Equipment & Services

   $ 104,632,958      $ 17,173,937      –   $ 121,806,895   

Metals & Mining

     23,130,118        –      –     23,130,118   

Oil, Gas & Consumable Fuels

     570,953,073        –      –     570,953,073   

Rights

     –        –      –     –   

Short-Term Securities

     28,831,251        13,640,239      –     42,471,490   

 

  

Total

   $ 727,547,400      $ 30,814,176      –   $ 758,361,576   
 

 

 

  

 

       Level 1     Level 2     Level 3   Total  

Derivative Financial Instruments1

        

Liabilities:

        

Equity contracts

   $ (7,925,800 )    $ (2,662,670 )    –   $ (10,588,470 ) 
 

 

 

  

 

1 

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

Certain of the Trust’s assets and liabilities are held at carrying amount, which approximates fair value for financial reporting purposes. As of July 31, 2012, such assets and liabilities are categorized within the disclosure hierarchy as follows:

 

       Level 1     Level 2     Level 3   Total  

Assets:

        

Cash

   $ 116,151        –      –   $ 116,151   

Foreign currency

     1,934        –      –     1,934   

Cash pledged as collateral for options written

     330,619        –      –     330,619   

Liabilities:

        

Collateral on securities loaned at value

     –      $ (13,640,239 )    –     (13,640,239 ) 

 

  

Total

   $ 448,704      $ (13,640,239 )    –   $ (13,191,535 ) 
 

 

 

  

There were no transfers between levels during the period ended July 31, 2012.

 

 

                 
4         JULY 31, 2012   

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: September 25, 2012   

 

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: September 25, 2012   
By:   

/s/ Neal J. Andrews

   
   Neal J. Andrews   
   Chief Financial Officer (principal financial officer) of
   BlackRock Energy and Resources Trust
Date: September 25, 2012