6-25-1954, Red circle of light in Thrifty, Texas. USA

On June 25,1954, I was visiting my family, who lived in the middle of the country, in Thrifty, Texas.  My husband and I had a travel trailer, which was parked on the south side of the family house.  The night was clear and there were no clouds in the sky.
At approximately 4:00 AM, I went outside to go to the restroom.  I looked into the northern sky, and I saw a red circle of light.  It was not pulsating or making a noise.  It was about one mile in front of me hanging over the old oil well pumps.  At first, I thought someone put up a light, but suddenly the red circle of light shot straight up and stopped, and then about 2-3 seconds later it shot, at a 45 degree angle, to the north leaving a red trail.