Take roast out of fridge 2 to 3 hours before cooking to reach room temperature.
Preheat oven to 450°F (230°C).
Pat roast completely dry with paper towels.
Mix butter, garlic, rosemary, thyme, salt, pepper, and onion powder in a bowl.
Rub mixture all over the roast covering all sides.
Place roast bone-side down on a rack in roasting pan.
Roast at 450°F for 15 minutes to create a crust.
Reduce oven to 325°F without opening the door.
Continue cooking for 15 to 18 minutes per pound.
Check temperature starting at 1.5 hours. Remove at 125°F for medium-rare.
Tent loosely with foil. Rest for at least 30 minutes.
Remove bones. Slice against the grain.
Serve immediately.