Last night at around 10:30 PM CST, I was in my back yard situating things in preparation for the anticipated storms on 6/2. While gathering toys, I took note of a lone star in the NE sky. A few moments later, I noticed 2 "stars" in that same area, but quickly realized the second star was bigger, brighter and moving. It was moving at about the same rate of a commercial plane, but there were no beacon lights and it was traveling on a course not often traveled by aircraft. Out here, most commercial aircraft travel East/West or West/East, but almost never North/South as this was. This craft appeared to be heading South or South East. What was strange, the large ���orb like��� light slowly dissipated and then two very faint lights were visible - one appeared to be red the other blue. This was NOT an aircraft turning off the landing lights, as they didn't quickly fade out. This was a process were the light slowly reduced in size over about 3-5 seconds. Once the "main" light was out, I was able to track the object across the sky for a few more moments, but it was very hard to see it continuously. Every few seconds I could pick back up on the movement a little further south in the sky. I ran to get my camera and when I returned I was unable to pick up the movement anywhere. Not sure what it was, but it really didn���t look like a commercial aircraft for many reasons. Just thought I'd share. Thanks!!