Precision Drilling Corp. says its 2014 capital spending plan has been reduced by another $23 million to $885 million while its capital spending plan for 2015 will be substantially lower than this year at $493 million - as it gears down plans for building new rigs until commodity prices improve. It's the second reduction in the Calgary-based company's 2014 capital spending plan in a matter of weeks, but still well above the $515 million capital plan outlined in February.