Pat steaks dry and season generously with salt and pepper.
- Heat a skillet over medium-high heat. Add olive oil or butter and sear steaks for 3–5 minutes per side, depending on thickness and desired doneness. Remove from pan and let rest.
- In the same skillet, lower heat to medium. Add butter and garlic; sauté for 1 minute until fragrant.
- Carefully pour in bourbon and simmer for 1–2 minutes to reduce and cook off alcohol.
- Stir in heavy cream, Dijon mustard (if using), Worcestershire sauce, and smoked paprika or liquid smoke.
- Simmer the sauce for 3–4 minutes, stirring often, until it thickens slightly. Season with salt and pepper to taste.
- Return steaks to pan to briefly warm in the sauce or spoon sauce generously over steaks when serving. Garnish with herbs if desired.