Instructions

1. Using paper towels, pat steaks dry on both sides. Season liberally with salt. Allow to rest at room temperature for at least 40 minutes and up to 2 hours before cooking.
2. Heat oil in cast-iron skillet over high heat until smoking.
3. Season steaks with pepper and add to skillet. Cook for 4 to 5 minutes. Flip and continue to cook until internal temperature has reached 110F for rare or 130F for medium.  
4. Remove steaks from skillet and tent loosely with foil. Set aside. Allow to rest at least 5 minutes before serving.
5. Add butter and shallots to skillet, lower temperature to medium, and continue cooking for an additional few minutes until shallots are translucent. Add thyme and allow to cook for 30 seconds.
6. Spoon melted butter from pan over steaks and serve.