Put oven rack in the middle and preheat oven to 325
Heat oil in a large dutch oven until hot but not smoking. Meanwhile, pat meat dry and season with salt and pepper. Brown meat on both sides for about 10 minutes total. ( if the bottom of your pan starts to scorch turn down the heat some).
Remove meat from pan and let rest on a plate.
Add bacon to pan and saute until browned.
Add the veggies and cook until they are softened and golden brown.
Add garlic, thyme, rosemary and saute for 1 minute. Then add tomato paste and stir in and cook for 1 minute.
Add wine and boil until liquid is reduced by half.
Add water to the pan and bring to a simmer. Return meat and any juices to the pan. Cover the pot with the lid and transfer to the oven.Cook for 2 1/2 to 3 hours or until meat is very tender.
Remove from pan and slice across the grain.
Serve on top of potatoes or grits and top with sauce from pan.