Step 1: Prepare Your Steaks - Start by taking the ribeye steaks out of the refrigerator. Allow them to come to room temperature for about 30-60 minutes.
Step 2: Season Generously - Pat the steaks dry with paper towels. Drizzle the olive oil over the steaks, then season both sides generously with kosher salt and freshly ground black pepper.
Step 3: Heat the Skillet - Place your cast iron skillet over medium-high heat. Allow it to become very hot.
Step 4: Sear the Steaks - Carefully lay the steaks in the skillet. Sear them without moving for about 4-5 minutes for medium-rare.
Step 5: Flip and Add Butter - Flip the steaks and add the pieces of butter to the skillet. Baste the steaks with the melted butter.
Step 6: Check for Doneness - Use an instant-read meat thermometer to check the internal temperature. Aim for 130°F (54°C) for medium-rare.
Step 7: Rest the Steaks - Transfer the steaks to a serving plate and tent loosely with foil. Let them rest for 5-10 minutes.
Step 8: Serve and Enjoy - Slice against the grain and serve with your favorite sides.