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.
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.