Preheat the oven to 350 degrees. Then season the chicken with half the seasonings on one side and half on the other. Set aside.
Add the pancetta to the saute pan and cook about 3 minutes or until it is looking dark red. Remove the pancetta and oil from the pan and put it on a plate with a paper towel so the towel soaks up the excess oil. Lightly wipe out the pan.
Add 1 Tbsp. of extra virgin olive oil to the pan and then add the chicken. Cook over medium heat for 1-2 minutes per side. The time will depend on thickness.
Remove the chicken and set aside. Add 2 Tbsp. of extra virgin olive oil to the pan and add in the shallots and cook for 2 minutes. Stir frequently. Then add the garlic and cook for another 2 minutes stirring frequently.
Add the chicken broth and deglaze the pan, scraping all the brown bits. Cook for 3 minutes over medium heat. Scrape the entire time.
Add in the butter and the honey. Stir the butter around until it is completely melted. Then add the chicken back in and add the thyme sprigs.
Spoon the sauce over the chicken (This is really important!) and cover the pan. Cook in the oven for 15 minutes.
When the time is up remove it, add the peaches. Spoon the sauce over the chicken and the peaches. Broil for 3-5 minutes or until the peaches start to look soft and cooked. Keep an eye on it if you're not familiar with using your broiler. In my oven it takes 5 minutes.
Remove and serve immediately with basil, extra thyme and sea salt and fresh cracked pepper to taste.