Covering with oil or bacon or barding a lean cut of beef to add some of the otherwise missing fat is a way to use dry methods with a lean cut of beef, but if not done thoroughly the meat can still get dried out and become tough.
A low and slow approach is another way to use dry cooking methods with a lean meat. When I make an eye of round, for example, I often start it in a hot (500F) oven for a few minutes, but then turn the temperature way down (to 250 if not lower) to let it coast for several hours. Some recipes have you turn the oven completely off, but my oven doesn't appear to be well enough insulated for that to work.