Abstract: A production pump & circulation tool (1, FIG. 1) used down-hole on the end of a production string (FIG. 10) including: a combined traveling valve assembly bottom connector (10) and fishing tool section (20) which engages gripping pins (51) for twisting the tool and is associated with a traveling ball valve (11/12); a sleeve (30); peripherally spaced, "J" slots (43) in an outer member (40) in which guide pins (52) move changing the tool's state with rotation about a longitudinal axis; a biasing spring (81); a standing valve assembly (50) which carries at its top a projector for unseating the traveling ball valve and to which the pins are attached and which encloses a standing valve ball (50A) and carries its seat (50B); a combined bushing (60) and top spring seat (70); a spring housing (80); and a standing valve projector (90) which can unseat the standing ball from its valve seat when the assembly 50 is lowered against the force of the spring. A pumping "valve locked closed" disposition (FIGS.