When the pan is good and hot and the fat is melted add the steaks and sear for about 2-3 minutes. Turn the steaks over and sear the other side for 2-3 minutes. (Less time for medium rare to rare; more searing time for meat that is more well done.) Remove steaks from pan, cover with foil to keep warm. Keep the skillet on the burner. NOTE: In most cases you’ll return the meat to the skillet to complete cooking in the cooking liquid. In this case, however, the steaks will remain at a rare to medium-rare state and will require no further cooking in liquid.