Aug 6 (Reuters) - U.S. oil and gas producer Devon Energy ( DVN )

beat analysts' estimates for second-quarter profit on

Tuesday, helped by higher oil production and steady prices.

Brent crude rose in the second quarter on an

average, on OPEC+ production cut extension, expectations of

strong demand and Fed rate cuts in the U.S.

The company said average oil prices, including cash

settlements, were up 10.1% to $78.95 per barrel, compared to a

year earlier.

The Oklahoma-based firm's quarterly oil production was

at 335 thousands of barrels per day (mbpd), compared with 323

mbpd from a year earlier.

The company reported an adjusted profit of $1.41 per share

for the quarter ended June 30, compared with analysts' average

estimate of $1.26 per share, according to LSEG data.