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Heat a 12-inch skillet one minute over medium-high heat; add thighs skin down.
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Cook 10-12 minutes.
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Turn and cook 8-10 minutes longer until browned.
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Transfer chicken to a plate.
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Remove all but 1 tbsp drippings from skillet.
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Add onion.
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Reduce heat to medium-low; cook stirring for 12 minutes until onions are tender.
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Return chicken to skillet; pour soy sauce and water over chicken and onions.
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Cover; simmer for 15 minutes.
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Transfer chicken to plate with slotted spoon.
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Cook sauce 1 minute more.
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Pour over top of chicken.