I got this off of recipezaar.com and used some of the modifications suggested in the comments. It is the quick, lazy way to make this dish and it makes about four to five servings.
2 tablespoons olive oil
1/2 cup chopped onion
1/4 - 1/2 cup chopped green pepper (red works, too)
2 cloves of minced garlic
1 (15 ounce) can black beans (undrained)
3/4 cup water
1 teaspoon oregano
1/4 teaspoon sugar
1 package Sazon Goya without annato (substitution I used: 2 tsp. cumin, 1 tsp. salt, 1 tsp. chicken boullion, 1/2 tsp. garlic powder)
1 tablespoon cider vinegar (you can use cooking wine, too)
2 cups cooked white rice
pre-cooked ham steak (optional)
Heat oil in a medium sauce pan, sauté onion,green pepper, and garlic. Sauté until tender, about 5-10 minutes.
Add in remaining ingredients and stir until boiling, reduce heat and simmer until sauce is reduced, about 20 minutes. You can smash some of the beans to add to the flavor. Serve over white rice.
In order to make this more of a main dish, I diced a dinner ham steak and tossed it in.