Preheat the oven to 475°F.: From the moment you set the oven, you should feel the anticipation build, and the kitchen will gradually warm. A properly heated oven ensures the steaks finish quickly, preserving juiciness while the exterior stays crisp. You might notice a faint scent as the oven climbs, and the metal racks will radiate heat differently depending on position. A common error is placing steak in an oven that is not hot enough, which can lead to overcooking as you wait for temperature recovery, so always preheat fully before the pan goes in.
Season the steaks generously with kosher salt and ground black pepper. Season more than you think you’ll need as much of it comes off during the cooking process.: Right after patting the steaks dry, sprinkle the salt and fresh black pepper so the seasoning adheres and begins to enhance the natural beef flavor. The salt draws a whisper of moisture to the surface, which then dissolves and helps create a savory crust during searing. You should see the grains glint on the meat and feel the coarse texture as you press it in. Overseasoning is less likely than underseasoning here, but avoid pouring on fine table salt too early, as it can pull out more moisture than you want.
Heat a cast iron pan on the stovetop over high heat. Melt the butter in the olive oil. Add the steaks and cook each side of the steaks including the top, bottom and sides for about 4 minutes on each side or until browned.: As the pan heats you will hear a rising hum that stops when it is hot enough for a strong sizzle. Cast iron holds heat exceptionally well, giving an even sear that encourages deep browning. Add the oil and watch it shimmer but not smoke; this shimmer is your cue that the pan is ready. The wrong pan temperature will either prevent browning or burn the exterior, so allow a full moment for the pan to come to temperature before adding the steaks.
Remove from heat and add the garlic slices and thyme and cook in the oven until the internal temperature reaches 140-145°F for medium rare.: When the oil shimmers, add your tablespoon of butter and let it foam and brown slightly, carrying a rich, nutty aroma. The mixture should foam and release a toasty scent, which is perfect for flavor development. If the foam darkens too fast, the pan is too hot, and you should remove it from heat for a breath before proceeding. Burned butter will impart bitterness that masks the delicate flavors of the Filet Mignon .
Meanwhile, remove the Porcini Butter Compound from the refrigerator and slice into 1/2 inch pats.: When the steaks hit the pan they will announce themselves with a loud sizzle and immediate browning at the contact points. Press the steak slightly to ensure even contact, and watch the edges to see the Maillard reaction create a deep brown crust. After a few minutes flip and repeat on the other side, including quick sears on the edges if needed. Resist the urge to move them constantly; steady contact creates the best crust. A common pitfall is flipping too often which prevents proper browning.
Remove from the oven, spoon cooked juices over the steak and serve with a pat of Porcini butter over the Filets and garlic. Garnish with more fresh thyme if desired.: Once the steaks are well seared, nestle in the sliced garlic and sprigs of thyme so their oils flavor the pan juices before finishing in the oven. The garlic will become fragrant and softened rather than raw, while the thyme imparts a subtle herbaceous lift. Transfer the whole pan to the preheated oven and monitor internal temperature with an instant read thermometer. Aim for roughly 140 to 145°F for medium rare, remembering that carryover heat will raise the temperature slightly as the steaks rest. A common error is relying on time alone instead of temperature, which can lead to over or under cooking.
Meanwhile, remove the Porcini Butter Compound from the refrigerator and slice into 1/2 inch pats: You should see a firm, chilled block that smells of earthy porcini and butter . Slicing into half inch pats gives you generous melting pieces that will slowly soften on the hot steak without becoming a greasy pool. Keep them cold right up until plating so they maintain shape when they hit the hot meat. The mistake to avoid is leaving the compound butter out too long, causing it to lose structure and melt away too fast.
Remove from the oven, spoon cooked juices over the steak and serve with a pat of Porcini butter over the Filets and garlic: After the oven, transfer the steaks to warm plates and tilt the pan to collect the glossy cooking juices. Spoon those juices over the steaks so each bite gets moisture and concentrated flavor, then nestle a pat of chilled Porcini butter atop each filet. The butter will begin to soften into ribbons, releasing its umami and aromatics into the meat, creating a silky finish. If the steak feels too hot to hold, let it rest for a brief moment; cutting too soon will allow juices to run away and produce a drier bite.
Garnish with more fresh thyme if desired: A final scatter of fresh thyme brightens the presentation and adds a fresh herbal lift as you bring the plate to the table. The tiny green leaves contrast with the deep brown of the crust and invite the diner to inhale before tasting. Avoid adding herbs that have been overcooked and dried out earlier, as they add little beyond appearance.