Preheat oven to 450 degrees F
Pat the steaks dry and season all sides with the salt and pepper
Wrap bacon around each of the filets and secure the bacon with a toothpick. It will take 1-2 pieces of bacon for each filet.
Heat a cast iron skillet or oven safe skillet over medium high heat. Add the butter and olive oil. When melted, add the steak to the skillet and sear for 1-2 minutes without moving. Flip the steaks using tongs. Using an oven mitt, tilt the cast iron skillet and baste the steaks with the melted butter.
While the filets are still in the cast iron skillet, move the pan to the oven. Cook in the oven for 5-7 minutes until the steak is cooked to your desired doneness (see temperature chart)
Rest steak for 3-5 minutes. Serve and enjoy!