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Coat the ribeye steak with 1 tbsp of olive oil. Season generously on all sides, including the fat cap, with your favorite steak seasoning.
In a skillet over medium-high heat, melt 2 tbsp of butter with 1 tbsp of olive oil.
Once the butter is foaming, use tongs to stand the steak on its side and sear the fat cap until it's rendered and golden brown, about 1-2 minutes.
Lay the steak flat in the pan and sear for 3-4 minutes per side for medium-rare. Press down gently with a spatula and move the steak around the pan to ensure an even crust.
Remove the steak from the skillet and place it on a cutting board to rest.
Immediately top the hot steak with pats of cold butter. Let it rest for 5-10 minutes before slicing.
Slice the steak against the grain and serve immediately.
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