Preheat skillet to medium heat.
Pat roast dry with paper towels and season both sides with freshly ground pepper.
Place olive oil in the skillet and sear both sides for 3 minutes.
Place roast in crock pot. Drizzle oil and flavorings from skillet over the roast. Heat water and mix with Better than Bouillon Beef Base to create broth.
Sprinkle roast with the Ranch seasoning. Place butter on top and spread sliced peppers evenly over it. Pour 1 cup of the broth around the sides of the roast and drizzle the remaining broth over the top.
Set crock pot to LOW for 8 hours or on HIGH 5-6 hours.