Schultz recorded 18 goals and 48 points in 34 games with the Oklahoma City Barons, including a franchise record-tying 10-game point streak and a separate nine-game point streak.
Schultz still leads all AHL defensemen in points and was only recently surpassed as the top rookie scorer.
"It's an honor," Schultz said prior to Edmonton's game Wednesday night against the Phoenix Coyotes. "It's a great league. I had a blast down there."
He earned CCM/AHL monthly award honors for Player of the Month for October and Rookie of the Month for November.
Schultz has continued his solid play with the Oilers, leading team defensemen with 20 points (six goals, 14 assists) in 39 games.