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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 Cook the steaks in the oven for eight to 12 minutes. 2  Cut into one of the steaks to see if it's cooked to your taste. 3  Remove the steaks from the oven and allow them to rest for 10 to 15 minutes to allow the juices to redistribute throughout the steak [source: Garten ]. Preheat your oven to 400 degrees Fahrenheit (204.4 degrees Celsius). 2  Heat your cast iron skillet over a high heat for five to seven minutes. 3  Pat your steaks dry with the paper towel. 4  The drier they are, the crisper the layer of flavor will be on the steak.