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In a large pot, sauté onions, sliced sausage and seasoned salt in olive oil and butter until onions are softened.
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Add uncooked rice to pot and sauté for 2-3 minutes.
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Add chicken broth and water to pan, bring to a boil, then cover and simmer about 30 minutes until rice is tender.
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Once rice is tender, stir in uncooked shrimp and let cook through, about 2-3 minutes.
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Season with black pepper and additional seasoned salt, if needed.