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1
Make the port wine reduction: Add enough canola oil to a large nonreactive stockpot to cover the bottom and set it over high heat.
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2
Just before the oil starts smoking, add the shallots, mushrooms and peppercorns and reduce the heat to medium.
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3
Sweat the vegetables until brown bits form on the bottom of the pan, about 5 minutes, then add the sugar.
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4
Add the red wine and port and deglaze the pan, scraping the brown bits off the bottom.
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5
Simmer the liquid until it has reduced to about 1 1/2 cups, about 40 minutes.
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6
Add the stock and cook until the liquid has reduced to 1 1/2 cups, about 15 more minutes.
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7
Be sure to skim off any foam that forms on the surface.
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8
Transfer the liquid to a heatproof bowl.
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9
Add the thyme and bay leaf, then cover tightly with plastic wrap.
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10
Let infuse 1 hour.
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11
Strain through a fine-mesh strainer into a saucepan and set aside.
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12
Make the steaks: Position racks in the upper and lower thirds of the oven; preheat to 350 degrees F. Thoroughly blot the meat dry and season both sides liberally with salt and pepper.
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13
Add enough canola oil to 2 large skillets to cover the bottoms (about 2 tablespoons each) and set over high heat.
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14
Just before the oil starts smoking, add a steak to each skillet and cook 6 minutes.
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15
Check the bottoms of the steaks to see if they are charred to your liking.
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16
Flip the steaks with tongs and add 1 tablespoon butter to each skillet.
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17
Cook, tilting the skillets and spooning the butter over the steaks, 2 more minutes.
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18
Transfer the steaks to a rimmed baking sheet; transfer to the oven and bake until a meat thermometer registers 125 degrees F (medium rare), an additional 3 minutes.
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19
Transfer the steaks to a cutting board and let rest at least 7 minutes before serving.
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20
Meanwhile, warm the port wine reduction until it simmers.
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21
Stir in the berries and cook 30 seconds.
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22
Remove from the heat.
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23
Slice the steak off the bone in 1 piece with a sharp knife, then slice the meat against the grain.
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24
Serve with the port wine reduction and crumbled blue cheese.
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25
Photograph by Con Poulos