In a medium skillet, cook the bacon over medium-high heat, stirring frequently, until cooked through but not crisp. Transfer the bacon to a paper towel-lined plat to drain. Wipe the excess fat from the pan and add the chopped shallot (or scallions). Cook over medium-high heat, stirring for 1-2 minute, until translucent. Add the peas, season with salt and black pepper, and cook for another minute or two. Remove from the heat.