I would like to hook my satellite box to my oppo udp-205 for two channel audio

Regarding the possibility of ground loop hum that jea48 pointed out is true. But you (OP) could still go the coax option by inserting a ground loop isolator. Relatively inexpensive ($10?) and they do work. I use one that was provided/installed by my cable company.

What about cable rg59,,,, 2 /30 ft runs and adapters to rca male plugs

First i would not use RG59, but better RG6 quad shielded.

Why 2 - 30 ft runs?

Does your SAT receiver box have a 75 ohm digital out RCA jack? If yes you will only need 1 digital cable.

There are several options you can use for the digital input on your oppo udp-205 player.
http://download.oppodigital.com/UDP20X/UDP-205_User_Manual_English_V1.0.0.pdf

still go the coax option by inserting a ground loop isolator

I know there are ground loop isolators that are made for CATV, cable TV, but I am not aware of one made for a Satellite Dish. I could be wrong though.

no digital out only rca red and white plus optical output

You have two choices. Digital optical out, or, 2 channel analog out.

30 ft analog RCA interconnects are pretty long. I would think they would really need to be well shielded. Next thing, at about a 2V signal output, what will the signal sound like when it finally reaches the other end of the cables? This would be a question for someone like Al, (almarg) to answer. Or someone with first hand experience.

Safe bet is to go with an optical cable. No doubt it will be cheaper. Trade off? Possibly cold and sterile digital sound. That will depend though on the DAC in the oppo upd and on how reveling your audio system is.

 No doubt though the DAC in the oppo is better than the one in the SAT receiver.