Cook bacon in a large skillet over medium hear for 5 mins or until partially cooked; drain on paper towels. Roll out dough to 1/2" thickness; brush with 1 Tbsp olive oil. Cut into 1 inch pieces & place in a large bowl. Add bacon cheese, ranch dressing mix and remaining oil. Toss to coat.
Arrange pieces in a 9x5 oval on a baking sheet or a bunt pan. Cover and let rise for 30 mins or until doubled. Bake @ 350 for 15 mins then cover with foil and bake 5-10 mins longer - until golden brown.