Heat oil in a large skillet over medium high heat. Sprinkle scallops with salt and pepper. Add scallops to pan and saute 2 minutes on each side. Remove scallops from pan and keep warm.
Melt butter in pan. Add shallots and garlic; saute 30 seconds. Add wine and juice; cook 1 minute. Return scallops to pan; toss to coat. Remove from heat; sprinkle with parsley. Serve with lemon wedges if desired.