Mushrooms in Wine Sauce 8 oz mushrooms, baby portabellas or while or both, sliced 1 tbs Olive Oil 1 tbs butter 3/4 cup beef broth 1/4 cup red wine In large saute pan, Heat oil and butter over medium-hight heat Add musrooms, salt and pepper to taste, then saute stirring often until browned, about 7 minutes. Deglaze pan with beef broth and wine, scraping bits from bottom of pan.. Simmer until reduced by half.