Preheat oven to 275°F. Season both sides of the steak generously with salt and pepper.
Place the steaks on a wire rack lined baking sheet. Bake in the oven for 25 to 30 minutes until the internal temperature reaches 125°F for medium-rare.
Remove from oven and let rest for 10 minutes. Meanwhile, heat a skillet over high heat and add the olive oil.
Sear the steaks for 1-2 minutes on each side until a brown crust forms.
Notes
Letting the steak rest after baking ensures juiciness. Serve with your choice of sides.