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Heat a large cast-iron skillet or heavy-duty pan over medium-high heat for at least 2-3 minutes or until smoking.
Pat each steak dry with a paper towel. Generously season both sides with salt and pepper.
Add the olive oil to the pan followed by the steak. Sear steak for 3-4 minutes on each side. Resist the urge to flip until the first side is browned. (For medium, cook 4 to 5 minutes on each side; for well-done, cook 5 to 6 minutes on each side).
Remove steak from heat and rest for at least 5 minutes. Top with a scoop of the garlic butter and serve.
While the steak is cooking, gently stir all the ingredients for the butter in a small bowl.