Bring the steak to room temperature, it takes around 1-2 hours.
Season the steak generously on all sides with salt and pepper. You can also use your favorite steak rub.
Preheat the oven to 200-250°F.
Place the steak on a wire rack over a baking sheet. Bake until the center reaches the desired temperature. It takes about 30-45 minutes depending on the thickness of the steak. Use a meat thermometer to track the internal temperature (refer to the above temp table).
Remove the steak from the oven. Loosely cover it in aluminum foil and rest for 10 minutes.
Heat 1-2 tablespoons of oil in a cast iron skillet over high heat.
Add the steak to the skillet and sear without moving until browned, about 1-2 minutes. Flip and sear the other side until browned, another 1-2 minutes. Use a meat thermometer to track the internal temperature (refer to the above temp table).
Let the steak rest for 10-15 minutes before slicing and serving.