Season steak with salt and pepper on both sides.
Heat skillet over medium-high heat until smoking.
Add canola oil to skillet.
Lay steak to sear for 1 minute and 30 seconds on the first side. Do not touch the meat.
Flip to sear other side for the same amount of time. Add butter, garlic, and thyme.
Baste over meat for last 30 seconds.
Take steak off pan and let rest for at least 5 minutes before slicing.