Soak beans overnight or at least 8 hours. Rinse drain and set aside
In a dutch oven or large saucepan, add extra virgin olive oil over low to medium low heat. Add onions, carrots and thyme. Stir one minute to begin cooking.
Add Stock and Water. Add bay leaves, garlic, jalapeno and seasonings. Stir.
Add ham, ham bone and drained Black eyed Peas. Cover. Bring to a boil and Reduce to a simmer for at least 3 hours.
Optional. Remove about a cup of peas and smash with a fork or back of a spoon. Return to pot and stir to thicken. Simmer for another 30 to 45 minutes until reduced and thickened to desired consistency. Add salt and pepper to taste.
Serve over rice or with cornbread. Enjoy!