Turn all you burners to high on the grill, and close the lid. Heat grill for at least 15 minutes.
Clean and oil the grill grates
Turn one section of your grill to medium heat, and leave the other on high.
Season each steak generously with salt and pepper and drizzle with olive oil.
Grill the steaks over the hottest part of the grill, covered, until browned on both sides. You'll turn them halfway through for about 6 minutes total.
Slide the steaks to the cooler part of the grill and continue to cook for 5-12 minutes until it reaches your desired temperature for doneness flipping the steaks over halfway through. (See chart above for temperatures)
Transfer the steaks to a plate, top with compound butter if desired, and tent with foil for 5 minutes before serving.