Large circular steady intense light and smaller less intense mobile companion light.From a location of appx +33 degrees 35' 9.14" and -101 degrees 51' 49.89" an object was seen at an angle of 25 to 30 degrees from horizon. If the center of a clock were our location, and 12 O'clock was dead north, the object was north northwest in appx the 11 O'clock direction.The object was quite large for a distant object, roughly 4mm of size in appearance and circular. Incredibly bright and white, it was more intense in brightness than the intensity of the streetlamps on the street below. It gave off no amount of light to the ground or area, the idea is simply to describe the relative brightness and intensity of the light.The object appeared to be at a great distance, and was no more than white light. There was no way to determine any sort of object detail with the amount of distance, but the size and brightness was utterly striking. It was holding dead still relative to a building's roofline below it (simply used to reference). It initially appeared to be an incredibly large and bright star to the observers, however it then began acting very strangely.While continuing its perfectly dead hold, a small light resembling the size and intensity of an aircraft warning light (viewed at great distance), left it. The smaller light exited perfectly from the center and bottom of the large light and had appx 1/2 the intensity of brightness and only a small dot of size, much smaller than the first object.This small light moved slowly and perfectly downward with zero flashing from either object and perfectly steady light and movement (no stuttering or jumping). It had the appearance of a falling flare on a parachute in descent speed, however over the 10 or so seconds of fall there was zero lateral movement. From the original object to its lowest point, the distance was likely 2 or 3 degrees between objects. The smaller light then stopped perfectly still and hung dead still. The total journey down lasted appx 10 - 15 seconds of travel time. The object then hung for 5 - 10 seconds dead still below the first one.At this point the upper object became very slowly less intense, until it reached appx 1/2 original brightness. This made the two objects the same intensity at this point. The small lower object then began to traverse upwards and to the right slightly at the same rate it had used on the descent but now at a relative diagonal. Eventually it passed the original large object on the right by appx 1/2 of a degree and continued until it reached appx 1/2 to 1 degree of distance upwards and to the right of the original object. Using the clock analogy again, with the larger object at the center of the clock, the smaller object was located at appx the 1 o'clock position.During this ascent the large original object began again another very gradual fade and size shift until it was smaller in appearance and eventually equal in appearance to the smaller second object. Eventually the original object became so dim and small that it was unable to be seen at all. The second object remained visible and dead steady for appx another 5 - 10 seconds before it too dimmed slowly until disappearance. The entire encounter lasted likely 1 or 2 minutes total. The objects were both white light and circular / dot like. No defining shape or features could be seen. No flashing. No flickering. No trails or tails. No other movement in any directions or traversing of the sky in even the most minute amount unless otherwise described above. Zero chance of confusion with aircraft. Only possibilities could be orbital objects. Researched "Iridium flare" objects, wrong coloration, intensity, and timing entirely. Smaller secondary object is utterly confounding in movements. Cannot explain the utter lack of movement for larger object. Appeared almost perfectly like a star expect for extreme intensity and size. Thank you