Step 1

Heat skillet over MED HIGH heat. Add oil and butter. Season shrimp with salt, pepper, chili powder and cayenne.

Step 2

Add shrimp to the skillet in a single layer (you may need to cook the shrimp in batches, depending on the size of your skillet). Cook, 2 minutes per side, until pink and golden brown. Transfer cooked shrimp to a plate.

Step 3

Reduce heat to MED. Whisk together sauce ingredients in a small bowl, then add to the hot skillet.

Step 4

Stir and let cook a minute or so, until bubbling. Add shrimp back to pan and stir to coat.

Step 5

Serve with lime wedges and minced cilantro if desired.