Austin, TX
Venezuelan oil reboot not expected to spur windfall in Texas
Texas reacts to Venezuelan leader being taken into custody
With former Venezuelan President Nicolás Maduro out of power, President Trump said he wants to reboot the oil industry in Venezuela. That idea has raised questions about whether it could cause a price spike at the gas pump and a downturn in the Texas oil patch region.
AUSTIN, Texas – With former Venezuelan President Nicolás Maduro out of power, President Trump said he wants to reboot the oil industry in Venezuela.
That idea has raised questions about whether it could cause a price spike at the gas pump and a downturn in the Texas oil patch region.
Now, a spike at the pump and a production slump in the Texas oil patch may not happen this year, but with oil prices down, a budget crunch for state lawmakers may be waiting when they return to Austin in 2027.
What they’re saying:
The situation in Venezuela is creating a lot of political uncertainty, but a Texas energy expert said he is not expecting that uncertainty to cause an oil patch crash or a gas pump pike in 2026.
Prices at the pump are low and despite some recent big swings, up and down, analysts say 2026 could see the lowest prices since the pandemic. That prediction has people like Dale Owens cautiously optimistic.
“Things change so drastically nowadays. I mean, look what’s happening with the government, so anything can affect the price. But right now I’m really happy that it’s stable,” said Owens.
There are big reasons for that local gas price stabilization, and it predates the leadership change in Venezuela, according to Ed Hirs, an Energy Fellow at the University of Houston.
“The first is that the president has asked MBS (Saudi Crown Prince Mohammed bin Salman) and OPEC nations to continue pumping a pace. Number one. Number two, this helps hamstring the Russian economy and its war effort. And that’s also one of the goals of not only the European Union, but of the Trump administration. And number three, we’ve got the midterm elections coming up,” said Hirs.
The price of a barrel of oil is expected to increase slightly because of the uncertainty regarding Venezuela. Texas crude oil production, according to an update released Monday, was stable in December, but state data also showed drilling permits for 2025 were at 369 and that’s down from 459 in 2024.
“When President Trump took office, oil was about $80 a barrel, today it’s under $60 a barrel. We are the high-cost producers in the global commodity oil market, and the cost of drilling these wells has gone up by between 5% and 12%, primarily because of Trump’s steel tariffs. Not only does the imported steel now cost a lot more, but domestic producers raise their So the producers in West Texas and across the Permian Basin are getting squeezed by much lower revenues, $20 a barrel less and much higher cost. It’s not a good capital investment for Wall Street,” said Hirs.
Dig deeper:
The oil industry remains a big part of the Texas economy and the state budget. State lawmakers will return to Austin in 2027 to crunch numbers for a new two-year budget.
“I think they need to be looking at the budget. So the state comptroller needs to be running the numbers now based on lower oil revenues, not only for state lands, for example, for the universities, but for the state tax receipts. And that applies to the counties and cities that rely on these revenues to keep their budgets balanced. It’s going to be lower for longer,” said Hirs.
There are also doubts about whether the Texas refineries will get a financial windfall if the Trump Administration is able to reboot the oil industry in Venezuela. There are about six refineries in Texas and Louisiana that can process the heavy crude that is located in Venezuela.
“Well, it might help keep them open. But Lyondell just closed down a 100-plus-year-old heavy crude refinery on the Houston Ship Channel because it just doesn’t make any sense to reinvest in it. And it was going to require $750, $800 million of new capital investment just to keep the plant operating at par,” said Hirs.
What’s next:
Stocks for several oil companies did increase on Monday. Chevron, at one point, had a 10% stock price surge, mainly because Chevron is the only U.S. company operating in Venezuela. Other energy-related companies also saw an increase, like Exxon, as well as industry suppliers like Baker-Hughes and Halliburton.
The action on Wall Street came after President Trump said he wants energy producers to pay for the oil production rebuild. Hirs described the administration’s plans as being “naive.”
Past attempts to rebuild another country’s oil infrastructure seem to back up the doubts raised by Hirs. In 1989, after the Soviet Union collapsed, companies like Exxon went in to rebuild — only to get kicked out later by the Russians. Hirs also noted the rebuilding effort in Iraq, started by President George W. Bush, hasn’t returned production there to pre-war levels. And it’s the same story for Libya, which was done under President Obama.
The Source: Information from interviews conducted by FOX 7 Austin’s Rudy Koski and previous coverage
Austin, TX
UC Santa Barbara Baseball Drops 6-4 Nailbiter to Texas at Austin Regional Final
Red-hot Rowan Kelly came to the plate with the bases loaded in the bottom of the ninth inning with a chance to extend the Gauchos season, but a thrilling comeback was not to be.
The UC Santa Barbara baseball team battled to the end, but fell to host Texas 6-4 in the Austin Regional final on Sunday afternoon.
“I think our guys gave a really good effort,” Checketts said. “Kellan’s start was outstanding, set the tone for us, gave us a shot. We came up short against a very good baseball team.”
UC Santa Barbara (40-20) held the lead through six innings behind a strong start from pitcher Kellan Montgomery and continued offensive production from Kelly. However, Texas (43-13), the tournament’s No. 6 national seed, scored four runs over the final three innings to secure the victory and advance.
Montgomery, a Santa Barbara native, delivered one of his strongest outings of the season. The right-hander retired the Longhorns in order in the first inning and held Texas scoreless through five innings while allowing only a handful of baserunners. Kelly provided early offense with a solo home run in the first inning, his second home run of the day after homering earlier against Tarleton State.
“I think just trusting myself and the guys behind me. The last couple outings haven’t really been what I wanted, so just not making it anything bigger than it is,” Montgomery said. “This is my first time in playoff baseball, so I’m just trying to enjoy every moment with a really special group. It was just trusting myself and the seven guys behind me.”
Texas broke through in the sixth inning, loading the bases before a sacrifice fly by Adrian Rodriguez and a two-out single by Ethan Mendoza drove in two runs and gave the Longhorns their first lead of the game at 2-1. Relief pitcher Van Froling entered and recorded the final out of the inning.
The Gauchos responded immediately in the bottom half. Consecutive walks by Liam Barrett and Kelly set the stage for a sacrifice bunt attempt by William Vasseur that resulted in multiple Texas throwing errors. Barrett scored on the initial errant throw, while Kelly later crossed the plate after another misplay, giving UC Santa Barbara a 3-2 advantage.
Texas regained control in the seventh inning. After a runner’s lane interference call erased a potential scoring play, Aiden Robbins hit a two-run home run four pitches later to move the Longhorns back in front. Texas added two more runs in the eighth, including one on an RBI double and another following a failed pickoff attempt, extending its lead to 6-3.
UC Santa Barbara narrowed the deficit in the bottom of the eighth. Kelly doubled off the top of the left-field wall and later scored as the Gauchos cut the lead to two runs. The inning ended with the potential go-ahead run still at the plate.
The Gauchos mounted one final threat in the ninth. Xavier Esquer and Cole Kosciusko opened the inning with singles, and a hit batter loaded the bases with two outs. Kelly came to the plate with the tying run in scoring position, prompting Texas to make a pitching change.But Longhorn starting pitcher Luke Harrison made a rare relief appearance to record the final out and preserve the victory.
Austin, TX
Austin Pets Alive! gets $10K donation, pet beds
AUSTIN (KXAN) — Austin Pets Alive! (APA!) received a $10,000 donation and 30 pet beds on Thursday.
The donation was from Robert Thiele, an Amazon delivery driver and owner of Clark Courier Services, which was named in honor of his late bulldog, Clark, who passed away this spring after a battle with cancer.
“I named Clark Courier Services after Clark because just like our drivers, he delivered smiles every single day. In a world full of best friends, Clark was the bestest,” said Thiele.
According to Amazon, the donated pet beds were given a second life through Amazon Re:Turn, which repurposes textiles from customer returns that could not be resold or donated.
As a surprise for Thiele, APA! unveiled memorial plaques dedicated to Clark on shelter kennels, which were inscribed with his name and the words “forever delivering.”
“Our Delivery Service Partners are local, small business owners embedded in the communities they serve. Robert’s been delivering in Austin for nearly seven years, and he’s not just moving packages. He’s showing up for the people, the pets, and the neighborhoods around him. That’s what this program is about,” said Emma Crowley, Amazon spokesperson. “Today, we got to give a little back to someone who has and will continue to give so much to others.”
Austin, TX
Texas Baseball Proved It’s a Legit Contender In The Race To Omaha Against Tarleton State
Almost one year ago today, the Texas Longhorns found themselves in the losers’ bracket of their own regional, falling to the No. 3 seed UTSA Roadrunners in the 2025 Austin Regional.
For just a brief moment, it looked as if history was going to repeat itself once again, as the No. 3-seeded Tarleton State Texans got another chance at an upset, beating the Longhorns back in the regular season, 6-1, at UFCU Disch-Falk Field.
But today, history was not going to repeat itself — the team that the Texans saw in the regular season was a different animal than the iteration in the winners’ bracket. Under another furious day at the plate for Texas, and an outstanding night on the mound for Dylan Volantis, Texas was not going to fall into the losers’ bracket for a second consecutive year.
“Obviously that guy on the mound, he’s one of the best pitchers, if not the best pitcher in college baseball for a reason,” said Tarleton State head coach Fuller Smith about Volantis. “We didn’t do a very good job, and I don’t know if we would beat anybody tonight, to be honest.”
Longhorns Look Unstoppable
If the past two days proved anything, Texas is playing its best baseball at the most crucial time of the season — in all three fronts of the game.
After a poor showing in the Southeastern Conference tournament by the Longhorns’ top three hitters. Aiden Robbins, Carson Tinney, and Anthony Pack Jr. have carried the brunt of the Texas offense in the postseason.
In the second inning alone, the trio rocketed three straight home runs to put the Texans down an early 6-0 hole, a deficit they would not come out of.
“I remember when I stepped on home plate [Anthony] Pack Jr. greeted me at home,” Tinney said. I looked at him, I was like, ‘It’s your turn now.’ And then two pitches later, he sent one out.”
Defensively, the Longhorns’ outfield, which struggled trying to find the right combination, has finally found the right grouping in Robbins, Pack Jr., and Dariyan Pendergrass.
Robbins and Pendergrass both were able to come up with deep fly ball grabs in the past two games. In the infield, missing core member Ethan Mendoza at second base, nonetheless, has yet to skip a beat.
“Pendergrass is a pretty veteran player, he’s been around the block a few times in college baseball,” Texas head coach Jim Schlossnagle said. “Aiden has been a great teammate — Pack [Jr.] has improved greatly over the course of time.”
However, the real star of the regional so far has been the dominance on the mound from starters Luke Harrison and Volantis.
In the regional defining game, Volantis had no issue tossing up the Tarleton State order, who found great success against UC-Santa Barbara in the opening game. The sophomore pitcher lasted 6.2 innings, tossing seven strikeouts and allowing just three hits on the night.
With the giant lead by the time Volantis was pulled in the sixth inning, the Longhorns still have not used any of their premier relief arms in this regional.
“Those two innings were definitely helpful [in the SEC Tournament],” Volnatis said. “I definitely could have done the same without those two innings today.”
Texas now awaits a third rematch with Tarleton State or UC Santa Barbara and will not have to face either of their premier arms — notably Guachos pitcher Jackson Flora, a surefire first-round selection in this year’s MLB Draft.
The Longhorns will roll with Ruger Riojas tomorrow night and likely unload its best arms who have not seen action since the final regular season series against Missouri to seal up their first regional victory in three seasons.
“It’s always good to stay in the winner’s bracket and avoid those moments, but we haven’t won anything yet. We won two games,” Schlossnagle said. “I’m certainly excited about how we played to this point and yes, I’m glad we don’t have to play two tomorrow, but the tournament’s not over.”
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