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Cook the diced bacon in a skillet. Set cooked bacon pieces aside and reserve bacon drippings in pan.
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Wash dried beans very well in a colander, transfer to large pot and add 10 cups of water, chicken bouillon, and 2 tablespoons of bacon drippings.
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Bring all ingredients to a boil, then reduce to a simmer and cover with lid. Let beans simmer 1½ – 2 hours or until tender. Stir occasionally while cooking and add more water if level gets lower than ½ an inch above the beans.
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Once beans are almost done, saute diced onions and jalapenos in remaining bacon drippings in original skillet until softened.
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Add onions and jalapenos to beans and continue simmering for about 20 minutes.
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Season beans with salt and pepper to taste. If using, stir in fresh chopped cilantro to taste. Serve with additional cilantro on top and chopped bacon.