Pat steak dry with a paper towel. Season with salt and pepper on both sides. (Recipe calls for 1 tsp of each. Add more or less based on preference).
Place steak on a wire rack on top of a baking sheet. Position on the center rack of the oven and bake until steak reaches an internal temperature of 125 degrees F (for medium-rare). This will take approximately 50 minutes.
Heat olive oil and 1 tbsp of butter in a pan (preferably a cast iron skillet) on medium-high heat. When almost smoking, sear steak for 1 minute on each side.
Reduce heat to medium low and add remaining 2 tbsp of butter, garlic, and thyme to pan. Tilt the pan and using a large spoon, baste steak for about 1 minute with fragrant butter.
If the steak has excess fat on the side, use tongs to hold the steak fat side down to render out the fat.
Remove steak from pan. Let rest for at least 5-10 minutes before cutting and/or serving. Top with cooked garlic , thyme and finish with Maldon salt (optional).
Notes
Make sure to cut steak against the grain for easy to chew pieces.