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In 12" skillet, cook the bacon on medium high heat. Remove the bacon from the skillet, but leave bacon drippings. Add 1 TBSP butter and diced onion. When transparent, remove from skillet.
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Reduce the heat to medium, lightly salt and pepper both sides of pork chops and place in skillet. Brown both sides (approx 2-4 minutes each).
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Chop up the bacon, and add both the bacon and cooked onion to skillet.
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Add 3/4 cup water (add more if you want more gravy), 1 TBSP butter, cover and simmer until cooked (5-10 minutes - but can simmer for up to 45 minutes easily).
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Just before serving, mix 2 TBSP cornstarch with cool tap water (approx 1/4 cup).
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Place the pork chops on plates, add corn starch/water mixture to gravy/drippings in skillet and bring to quick boil stirring frequently to form thick gravy.