Abstract: An apparatus and method for use in severing casing as it is pulled from a wellbore. An apparatus is first provided, comprising a clamping assembly, a drilling assembly and a cutting assembly. In one aspect, the apparatus is disposed at the end of a telescopic arm, with the components being remotely operated by personnel using a control panel. The apparatus can be positioned adjacent casing and clamped thereto. Thereafter, the apparatus can drill a hole completely through the casing for the insertion of a retention pin. The apparatus can then severe the casing into manageable lengths to facilitate disposal, such as during a plugging and abandonment procedure.