A downhole tool that includes a cutter and jacking system and methods of using such a tool to remove a portion of casing or tubing from a wellbore. The tool may include an upper slip and a lower slip configured to selectively engage casing of a wellbore. A cutter and an extendable section may be positioned between the upper and lower slips. The cutter may be used to cut casing into an upper portion and a lower portion and the extendable section may be used to increase a distance between the upper and lower slips that moves the upper portion of the casing and the lower portion of the casing away from each other. The extendable section may be hydraulically actuated to move the upper portion of the casing away from the lower portion of the casing. The cutter may be an abrasive jet configured to cut the casing.