Preheat the oven to 400 degrees F.
Heat a thick saucepan over medium heat. Add butter and rice. Saute until the rice is translucent. Add water. Season properly with lots of pepper, bring to a boil, cover tightly and simmer slowly for 18-20 minutes. Allow to rest for 10 minutes.
Remove the excess moisture from the chops with paper towels. Heat a heavy aluminium or cast iron skillet over medium heat. Sear chops in peanut oil. Season the meat with salt and pepper. Degrease the pan, and place it into oven until chops are done to your liking.
Degrease then deglaze the pan. Throw the entire contents of the Sauce Diable into pan. Reduce to desired consistency. Adjust the seasonings. The sauce may be "lifted" with a Tbl or so of butter immediately prior to service. Transfer the rice to large serving platter. Arrange the chops over the rice. Ladle the sauce over and around the chops.