The 31-year-old Schultz has no goals and four assists in 60 games this season, his third with the Oilers after spending most of his 13-year career in Minnesota.
Two of the Blue Jackets' top defencemen are sidelined. Fedor Tyutin injured an ankle while playing for Russia in the Olympics and is out for another week or two and prized rookie Ryan Murray (lower body) is day to day.
It was the second big deal of the day for the Blue Jackets, who also dealt forward Marian Gaborik to the Los Angeles Kings for two conditional draft picks.
Obviously there's a lot of expectations around me but it's something I try not to focus on. I'm just trying to go out there, be myself on the ice every day, try to get better, be myself around the guys in the locker room. I think that's what's made me successful and the person that I am.
— Sabres forward Jack Eichel on transitioning from college hockey to the NHL