Season 6 boneless chicken thighs with salt, pepper, garlic powder, paprika, and cayenne pepper.
Heat 1 tablespoon of olive oil in a large skillet over medium heat. Sear the chicken thighs for 4-5 minutes on each side until golden brown and cooked through. Remove and set aside.
In the same skillet, add 6 slices of bacon. Cook until crispy, then remove and let them cool on a paper towel. Once cooled, crumble the bacon into small pieces.
Using the same skillet with some bacon fat, sauté 1 chopped shallot for 2-3 minutes until softened.
Add 1 cup of jasmine rice to the skillet. Stir for a minute, then add 2 cups of chicken broth. Bring to a boil, reduce heat to low, cover, and simmer for 15 minutes until the rice is cooked and has absorbed the broth.
Stir in ½ cup heavy cream and ¾ cup shredded cheddar cheese, letting the cheese melt into the rice.
Place the seared chicken thighs back into the skillet with the rice. Top with crumbled bacon and drizzle with ranch dressing (about ½ cup or more to taste).
Garnish with fresh herbs like parsley or dill. Let the dish rest for 5 minutes before serving to allow the flavors to settle.