No, anti-fracking experts like to add a K to make it look like a four letter word. In the industry it is spelled frac as an "abbreviation" like you suggest.
WHAT IF I TOLD YOU THE FIRST OILFIELD FRAC JOB IN HISTORY; WAS DONE IN THE STATE OF NEW YORK, WHICH HAS BANNED FRACING IN THEIR OWN NATURAL GAS RICH MARCELLUS AND UTICA FORMATIONS, NAMED FOR THE PLACES IN NEW YORK WHERE THE FORMATIONS ARE EXPOSED ON THE SURFACE.