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1 Season the steak/s with black pepper, then allow the meat to sit at room temperature for 1 to 1-1/2 hours. 2  Preheat oven to 400 degrees F. 3  Heat the oil in a cast-iron skillet over medium-high heat or just until the oil begins to lightly smoke. Transfer the skillet to the oven and cook until an instant-read thermometer reads to desired doneness (oven cooking time will be anywhere from 5-15 minutes depending on the desired doneness of your steak --- for medium-rare 140-145 degrees and for medium 155-160 degrees.
1 Place a tablespoon of unsalted butter on each of the steaks and place the skillet directly in the oven. 2  Turn the heat down to 125 degrees Fahrenheit (51.6 degrees Celsius).  Cook the steaks in the oven for eight to 12 minutes. Cut into one of the steaks to see if it's cooked to your taste.