Analysis of information sources in references of the Wikipedia article "Gurdon Light" in English language version.
A similar phenomenon in Arkansas called the Gurdon Light is said to be the swinging lantern of a brakeman accidentally beheaded by a passing train. Not surprisingly, the exact same explanation is put forth for the Big Thicket Ghost Light in Bragg, Texas. These ghost lights can't all be headless brakemen, so it's conceivable that the folk explanation is not true in every case.