Heat oven to 300 degrees. Cut off and discard tips of each wing at first joint; cut apart the two remaining parts at the joint, sprinkle with salt and pepper. Heat 2 tablespoons butter and the oil in large skillet over medium heat. Cook half the wings in the butter mixture until golden, 8 to 10 minutes of each side. Remove from pan and reserve. Prepare the other wings in the same manner. Melt remaining 6 tablespoons butter in 1 quart saucepan; blend in remaining ingredients. Arrange wings in shallow baking dish. Brush sauce over wings to coat evenly. Bake until hot 5 to 8 minutes. Pour remaining sauce in bowl; serve as dip for wings.