No way he wants Venezuela as a state. That would give them voting rights and representation and those are not people he wants to have that.
At most they could become a new Puerto Rico, but I suspect he simply loses interest at some point and finds something new to invade.
Likely they will simply take a snip of the land for a new, permanent US joint military base, like how they have Guantanamo in Cuba, but in this case it will be to control all air and sea (oil export) access to the country.
He probably wants to control land access too, but that's functionally impossible without tens of thousands of soldiers patrolling those borders.