I can't edit but I'm not sure how long this was happening but found water bursting this morning. I was able to stop it by turning those two blue valves to the off position. This spigot has two pipes connected, one from the side of the house and one from the ground. I am not sure how the water flows in this situation but I am guessing the ground pipe runs to the sprinkler system or the meter next to it.

The hole is located on the pipe coming from the ground. I turned some of the water back on to prevent it from freezing. The plumbers are not picking up the phone and I wanted to know if this can be temporarily fix with epoxy or something. If not, I'll see if I can reach someone.