Remove the ribeye steaks from the refrigerator and let them rest at room temperature for about 30 minutes.
Pat the steaks dry with a paper towel to remove excess moisture.
Sprinkle the kosher salt and black pepper evenly over both sides of the steaks.
Place your cast iron skillet over medium-high heat and allow it to get hot, about 5 minutes.
Add the coconut oil to the hot skillet and swirl to coat the bottom.
Carefully place the steaks in the skillet and sear for about 4-5 minutes on one side.
Flip the steaks and cook for an additional 4-5 minutes for medium-rare.
Use a cooking thermometer to check for doneness: 130-135°F for medium-rare.
Transfer the steaks to a cutting board and let them rest for about 5-10 minutes.
Slice the steaks against the grain and serve with your favorite sides.